{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}R:\WSV2\TBu_AKe\Spatial_NEW\Wmat_Grid_XVal\spatial_6_regs_s_grid_1702_xval.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}21 Feb 2023, 16:01:37
{txt}
{com}.  
. 
.                         ***************************
.                         * run regression: OLS, fe *
.                         ***************************             
. 
. cd "C:\Users\hy65byfe\Desktop\smerge_0712\Grid_4950"    
{res}C:\Users\hy65byfe\Desktop\smerge_0712\Grid_4950
{txt}
{com}. *cd "R:\WSV2\TBu_AKe\Spatial_NEW\SCB_4950"      
. use spatial_regs_grid_0111_monthly, replace  
{txt}
{com}.                 
.                 
. *preserve
. *spmatrix dir 
. keep if year == 2014 // no changes. otherwise matrices are wrong in previous.   
{txt}(0 observations deleted)

{com}.         
.         
.                         ***************************
.                         ***** Single Matrix *****
.                         ***************************     
.                 
. 
. ** log and ihs transformations to the untransformed data **
. 
.                 *** outcomes and polar cases (no q indexing needed, only double loop)
. foreach varx of varlist csd L3_sd R_L3_sd H_L3_sd               ccd L3_cd    R_L3_cd H_L3_cd {c -(}
{txt}  2{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  3{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  4{com}.    quietly replace ihs_`varx'=log(ihs_`varx')
{txt}  5{com}.  {c )-}
{txt}(1 missing value generated)

{com}.  
.                 *** spatial variables *** 
. forvalues q = 5(5)40 {c -(} 
{txt}  2{com}.         foreach varx of varlist         W`q'_L3_sd O`q'_L3_sd   W`q'_L3_cd O`q'_L3_cd {c -(}
{txt}  3{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  4{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  5{com}.    quietly replace ihs_`varx'=log(ihs_`varx')
{txt}  6{com}.         {c )-}
{txt}  7{com}. {c )-}
{txt}
{com}. 
.                         **********************************************
.                         *****   Cross-validation over countries  *****
.                         **********************************************
.                         
. replace ccode = 7 if ccode == 8 // make list run 1-7 (Serbia was 7, SVN was 8)
{txt}(59,400 real changes made)

{com}. 
. 
. forvalues q = 5(5)40 {c -(} 
{txt}  2{com}. 
.         gen v_e_`q' = . // empty vector
{txt}  3{com}.         
. {c )-}
{txt}(415,800 missing values generated)
(415,800 missing values generated)
(415,800 missing values generated)
(415,800 missing values generated)
(415,800 missing values generated)
(415,800 missing values generated)
(415,800 missing values generated)
(415,800 missing values generated)

{com}. 
.         gen v_e_R = . // empty rook 
{txt}(415,800 missing values generated)

{com}.         gen v_e_H = . // empty horizontal 
{txt}(415,800 missing values generated)

{com}. 
. 
.                         **********************************************
.                         *****                   Regressions : Log               ******
.                         **********************************************
. 
.                 ** WEST **      
. forvalues i = 1(1)7 {c -(}   // loop over countries 
{txt}  2{com}.         forvalues q = 5(5)40 {c -(} // loop over directions 
{txt}  3{com}.         
.                 reghdfe  log_csd    log_L3_sd   log_W`q'_L3_sd                                                          if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  4{com}.                 estimates store log_W`q'
{txt}  5{com}.                 predict log_W`q'_`i', xb
{txt}  6{com}.                 gen err_W`q'_`i' =  log_csd - log_W`q'_`i'                                                                              if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt}  7{com}.                 replace v_e_`q' = err_W`q'_`i' if ccode == `i' // copy to empty vector 
{txt}  8{com}.                  /*check predictions 
>                 sum err_W`q'_`i' if ccode == 1 // 600
>                 sum err_W`q'_`i' // 4,200 
>                 */
.         {c )-}
{txt}  9{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.76
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8862
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8840
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2040
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7257

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3088171{col 26}{space 2} .0730509{col 37}{space 1}    4.23{col 46}{space 3}0.000{col 54}{space 4} .1620159{col 67}{space 3} .4556184
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .1621686{col 26}{space 2} .0520623{col 37}{space 1}    3.11{col 46}{space 3}0.003{col 54}{space 4} .0575454{col 67}{space 3} .2667917
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2865754{col 26}{space 2} .1336674{col 37}{space 1}    2.14{col 46}{space 3}0.037{col 54}{space 4} .0179607{col 67}{space 3}   .55519
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.14
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8863
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8841
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2042
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7256

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3015332{col 27}{space 2} .0733333{col 38}{space 1}    4.11{col 47}{space 3}0.000{col 55}{space 4} .1541644{col 68}{space 3} .4489019
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2} .1659287{col 27}{space 2} .0519357{col 38}{space 1}    3.19{col 47}{space 3}0.002{col 55}{space 4} .0615599{col 68}{space 3} .2702975
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3236408{col 27}{space 2} .1160248{col 38}{space 1}    2.79{col 47}{space 3}0.008{col 55}{space 4} .0904803{col 68}{space 3} .5568013
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.90
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2011
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7271

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3005431{col 27}{space 2}  .074139{col 38}{space 1}    4.05{col 47}{space 3}0.000{col 55}{space 4} .1515552{col 68}{space 3}  .449531
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2}  .159752{col 27}{space 2} .0535879{col 38}{space 1}    2.98{col 47}{space 3}0.004{col 55}{space 4} .0520631{col 68}{space 3} .2674409
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3605311{col 27}{space 2}  .109695{col 38}{space 1}    3.29{col 47}{space 3}0.002{col 55}{space 4} .1400908{col 68}{space 3} .5809714
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.25
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8868
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8847
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2083
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7238

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2967161{col 27}{space 2} .0730548{col 38}{space 1}    4.06{col 47}{space 3}0.000{col 55}{space 4}  .149907{col 68}{space 3} .4435252
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2}  .187928{col 27}{space 2} .0615751{col 38}{space 1}    3.05{col 47}{space 3}0.004{col 55}{space 4} .0641882{col 68}{space 3} .3116677
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3385079{col 27}{space 2} .1141654{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4}  .109084{col 68}{space 3} .5679318
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.19
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8878
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2146
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7209

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .292346{col 27}{space 2} .0723562{col 38}{space 1}    4.04{col 47}{space 3}0.000{col 55}{space 4} .1469408{col 68}{space 3} .4377513
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .2097787{col 27}{space 2} .0684232{col 38}{space 1}    3.07{col 47}{space 3}0.004{col 55}{space 4}  .072277{col 68}{space 3} .3472803
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3175117{col 27}{space 2} .1205614{col 38}{space 1}    2.63{col 47}{space 3}0.011{col 55}{space 4} .0752344{col 68}{space 3} .5597889
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.20
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8878
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2151
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7207

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2919616{col 27}{space 2} .0722667{col 38}{space 1}    4.04{col 47}{space 3}0.000{col 55}{space 4} .1467362{col 68}{space 3}  .437187
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .2110969{col 27}{space 2} .0690016{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4} .0724331{col 68}{space 3} .3497607
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3162971{col 27}{space 2} .1210952{col 38}{space 1}    2.61{col 47}{space 3}0.012{col 55}{space 4} .0729471{col 68}{space 3} .5596471
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.21
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8879
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2157
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7204

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914875{col 27}{space 2} .0722897{col 38}{space 1}    4.03{col 47}{space 3}0.000{col 55}{space 4}  .146216{col 68}{space 3}  .436759
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2} .2122515{col 27}{space 2} .0693483{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4} .0728909{col 68}{space 3}  .351612
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3155958{col 27}{space 2} .1212409{col 38}{space 1}    2.60{col 47}{space 3}0.012{col 55}{space 4}  .071953{col 68}{space 3} .5592386
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.21
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8879
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2157
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7204

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914875{col 27}{space 2} .0722897{col 38}{space 1}    4.03{col 47}{space 3}0.000{col 55}{space 4}  .146216{col 68}{space 3}  .436759
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2} .2122515{col 27}{space 2} .0693483{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4} .0728909{col 68}{space 3}  .351612
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3155958{col 27}{space 2} .1212409{col 38}{space 1}    2.60{col 47}{space 3}0.012{col 55}{space 4}  .071953{col 68}{space 3} .5592386
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.24
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0008
{txt}{col 51}R-squared{col 67}= {res}    0.8847
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8825
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1997
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7088

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3394296{col 26}{space 2} .0942992{col 37}{space 1}    3.60{col 46}{space 3}0.001{col 54}{space 4} .1499284{col 67}{space 3} .5289309
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .1052008{col 26}{space 2} .0405451{col 37}{space 1}    2.59{col 46}{space 3}0.012{col 54}{space 4} .0237224{col 67}{space 3} .1866791
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3414877{col 26}{space 2} .1250507{col 37}{space 1}    2.73{col 46}{space 3}0.009{col 54}{space 4} .0901889{col 67}{space 3} .5927865
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8850
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8828
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2017
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7080

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3344574{col 27}{space 2} .0949495{col 38}{space 1}    3.52{col 47}{space 3}0.001{col 55}{space 4} .1436492{col 68}{space 3} .5252655
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2} .1124755{col 27}{space 2} .0420569{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4}  .027959{col 68}{space 3}  .196992
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3616957{col 27}{space 2} .1088591{col 38}{space 1}    3.32{col 47}{space 3}0.002{col 55}{space 4} .1429351{col 68}{space 3} .5804563
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.36
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8849
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8827
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2013
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7081

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3337576{col 27}{space 2} .0963143{col 38}{space 1}    3.47{col 47}{space 3}0.001{col 55}{space 4} .1402068{col 68}{space 3} .5273085
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2} .1090293{col 27}{space 2} .0419722{col 38}{space 1}    2.60{col 47}{space 3}0.012{col 55}{space 4} .0246829{col 68}{space 3} .1933756
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3846937{col 27}{space 2} .0981999{col 38}{space 1}    3.92{col 47}{space 3}0.000{col 55}{space 4} .1873536{col 68}{space 3} .5820339
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.58
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8857
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8835
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2069
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7057

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3320377{col 27}{space 2} .0950572{col 38}{space 1}    3.49{col 47}{space 3}0.001{col 55}{space 4} .1410131{col 68}{space 3} .5230623
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2} .1328581{col 27}{space 2} .0516576{col 38}{space 1}    2.57{col 47}{space 3}0.013{col 55}{space 4} .0290484{col 68}{space 3} .2366678
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3607152{col 27}{space 2}  .104279{col 38}{space 1}    3.46{col 47}{space 3}0.001{col 55}{space 4} .1511587{col 68}{space 3} .5702717
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.58
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2082
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7051

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3292606{col 27}{space 2}  .094334{col 38}{space 1}    3.49{col 47}{space 3}0.001{col 55}{space 4} .1396893{col 68}{space 3} .5188319
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .1486154{col 27}{space 2} .0603565{col 38}{space 1}    2.46{col 47}{space 3}0.017{col 55}{space 4} .0273245{col 68}{space 3} .2699062
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3481019{col 27}{space 2} .1152232{col 38}{space 1}    3.02{col 47}{space 3}0.004{col 55}{space 4} .1165522{col 68}{space 3} .5796517
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.51
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2085
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7050

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3286996{col 27}{space 2} .0942646{col 38}{space 1}    3.49{col 47}{space 3}0.001{col 55}{space 4} .1392677{col 68}{space 3} .5181315
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .1505754{col 27}{space 2} .0616904{col 38}{space 1}    2.44{col 47}{space 3}0.018{col 55}{space 4} .0266038{col 68}{space 3}  .274547
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3464558{col 27}{space 2} .1165059{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .1123284{col 68}{space 3} .5805832
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2087
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7048

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3284539{col 27}{space 2} .0942725{col 38}{space 1}    3.48{col 47}{space 3}0.001{col 55}{space 4} .1390063{col 68}{space 3} .5179016
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2}  .151106{col 27}{space 2} .0618049{col 38}{space 1}    2.44{col 47}{space 3}0.018{col 55}{space 4} .0269045{col 68}{space 3} .2753075
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3461156{col 27}{space 2} .1163788{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .1122435{col 68}{space 3} .5799876
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2087
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7048

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3284539{col 27}{space 2} .0942725{col 38}{space 1}    3.48{col 47}{space 3}0.001{col 55}{space 4} .1390063{col 68}{space 3} .5179016
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2}  .151106{col 27}{space 2} .0618049{col 38}{space 1}    2.44{col 47}{space 3}0.018{col 55}{space 4} .0269045{col 68}{space 3} .2753075
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3461156{col 27}{space 2} .1163788{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .1122435{col 68}{space 3} .5799876
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.61
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2094
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6865

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .346734{col 26}{space 2}  .071009{col 37}{space 1}    4.88{col 46}{space 3}0.000{col 54}{space 4} .2040361{col 67}{space 3}  .489432
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .1215044{col 26}{space 2} .0515249{col 37}{space 1}    2.36{col 46}{space 3}0.022{col 54}{space 4} .0179613{col 67}{space 3} .2250475
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .314215{col 26}{space 2} .1282573{col 37}{space 1}    2.45{col 46}{space 3}0.018{col 54}{space 4} .0564723{col 67}{space 3} .5719578
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.51
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2090
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6867

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3439993{col 27}{space 2} .0738613{col 38}{space 1}    4.66{col 47}{space 3}0.000{col 55}{space 4} .1955695{col 68}{space 3} .4924291
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2} .1225496{col 27}{space 2} .0508151{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0204329{col 68}{space 3} .2246664
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3437802{col 27}{space 2} .1022367{col 38}{space 1}    3.36{col 47}{space 3}0.002{col 55}{space 4} .1383279{col 68}{space 3} .5492325
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     17.68
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8854
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8832
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2079
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6872

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3446003{col 27}{space 2} .0743953{col 38}{space 1}    4.63{col 47}{space 3}0.000{col 55}{space 4} .1950973{col 68}{space 3} .4941032
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2}   .11611{col 27}{space 2} .0486181{col 38}{space 1}    2.39{col 47}{space 3}0.021{col 55}{space 4} .0184083{col 68}{space 3} .2138116
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3700205{col 27}{space 2} .0901987{col 38}{space 1}    4.10{col 47}{space 3}0.000{col 55}{space 4} .1887594{col 68}{space 3} .5512816
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     18.23
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8867
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8846
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2170
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6832

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .341714{col 27}{space 2} .0740548{col 38}{space 1}    4.61{col 47}{space 3}0.000{col 55}{space 4} .1928953{col 68}{space 3} .4905326
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2} .1520565{col 27}{space 2} .0604879{col 38}{space 1}    2.51{col 47}{space 3}0.015{col 55}{space 4} .0305015{col 68}{space 3} .2736116
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3272156{col 27}{space 2} .1009696{col 38}{space 1}    3.24{col 47}{space 3}0.002{col 55}{space 4} .1243096{col 68}{space 3} .5301216
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.40
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8847
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2182
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6827

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3394562{col 27}{space 2} .0744442{col 38}{space 1}    4.56{col 47}{space 3}0.000{col 55}{space 4}  .189855{col 68}{space 3} .4890573
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .1677544{col 27}{space 2} .0692025{col 38}{space 1}    2.42{col 47}{space 3}0.019{col 55}{space 4} .0286869{col 68}{space 3}  .306822
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3158682{col 27}{space 2} .1120299{col 38}{space 1}    2.82{col 47}{space 3}0.007{col 55}{space 4} .0907357{col 68}{space 3} .5410006
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.30
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8847
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2182
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6827

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3391277{col 27}{space 2} .0744741{col 38}{space 1}    4.55{col 47}{space 3}0.000{col 55}{space 4} .1894665{col 68}{space 3}  .488789
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .1689305{col 27}{space 2} .0702783{col 38}{space 1}    2.40{col 47}{space 3}0.020{col 55}{space 4} .0277011{col 68}{space 3}   .31016
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3148822{col 27}{space 2}  .113294{col 38}{space 1}    2.78{col 47}{space 3}0.008{col 55}{space 4} .0872095{col 68}{space 3}  .542555
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8848
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2188
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6825

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3386166{col 27}{space 2} .0745498{col 38}{space 1}    4.54{col 47}{space 3}0.000{col 55}{space 4} .1888031{col 68}{space 3}   .48843
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2} .1703183{col 27}{space 2} .0707552{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0281304{col 68}{space 3} .3125063
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .313729{col 27}{space 2} .1134905{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0856613{col 68}{space 3} .5417967
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8848
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2188
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6825

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3386166{col 27}{space 2} .0745498{col 38}{space 1}    4.54{col 47}{space 3}0.000{col 55}{space 4} .1888031{col 68}{space 3}   .48843
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2} .1703183{col 27}{space 2} .0707552{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0281304{col 68}{space 3} .3125063
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .313729{col 27}{space 2} .1134905{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0856613{col 68}{space 3} .5417967
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.97
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8937
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8916
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1708
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7127

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2934119{col 26}{space 2} .0719516{col 37}{space 1}    4.08{col 46}{space 3}0.000{col 54}{space 4} .1488198{col 67}{space 3} .4380039
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .1234692{col 26}{space 2} .0462583{col 37}{space 1}    2.67{col 46}{space 3}0.010{col 54}{space 4} .0305097{col 67}{space 3} .2164288
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3688928{col 26}{space 2}  .135838{col 37}{space 1}    2.72{col 46}{space 3}0.009{col 54}{space 4} .0959162{col 67}{space 3} .6418695
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8937
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8916
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1709
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7126

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2857825{col 27}{space 2} .0753431{col 38}{space 1}    3.79{col 47}{space 3}0.000{col 55}{space 4} .1343749{col 68}{space 3} .4371901
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2} .1251801{col 27}{space 2} .0416191{col 38}{space 1}    3.01{col 47}{space 3}0.004{col 55}{space 4} .0415434{col 68}{space 3} .2088167
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4079675{col 27}{space 2} .1052808{col 38}{space 1}    3.88{col 47}{space 3}0.000{col 55}{space 4} .1963978{col 68}{space 3} .6195373
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8937
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8917
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1713
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7125

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2848443{col 27}{space 2} .0761456{col 38}{space 1}    3.74{col 47}{space 3}0.000{col 55}{space 4}  .131824{col 68}{space 3} .4378647
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2} .1233223{col 27}{space 2} .0415922{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .0397395{col 68}{space 3}  .206905
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4289584{col 27}{space 2} .0954309{col 38}{space 1}    4.49{col 47}{space 3}0.000{col 55}{space 4} .2371828{col 68}{space 3}  .620734
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.87
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8948
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8928
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1796
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7089

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2835392{col 27}{space 2} .0744304{col 38}{space 1}    3.81{col 47}{space 3}0.000{col 55}{space 4} .1339656{col 68}{space 3} .4331127
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2} .1534962{col 27}{space 2}  .052204{col 38}{space 1}    2.94{col 47}{space 3}0.005{col 55}{space 4} .0485883{col 68}{space 3} .2584041
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3913512{col 27}{space 2} .1039806{col 38}{space 1}    3.76{col 47}{space 3}0.000{col 55}{space 4} .1823944{col 68}{space 3} .6003081
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.47
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8951
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8930
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1816
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7081

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2804396{col 27}{space 2} .0737276{col 38}{space 1}    3.80{col 47}{space 3}0.000{col 55}{space 4} .1322785{col 68}{space 3} .4286007
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .1721039{col 27}{space 2} .0609282{col 38}{space 1}    2.82{col 47}{space 3}0.007{col 55}{space 4} .0496641{col 68}{space 3} .2945436
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3738303{col 27}{space 2} .1165829{col 38}{space 1}    3.21{col 47}{space 3}0.002{col 55}{space 4} .1395482{col 68}{space 3} .6081123
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.41
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8951
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8931
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1821
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7078

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2798075{col 27}{space 2} .0736557{col 38}{space 1}    3.80{col 47}{space 3}0.000{col 55}{space 4} .1317908{col 68}{space 3} .4278242
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .1747188{col 27}{space 2} .0623147{col 38}{space 1}    2.80{col 47}{space 3}0.007{col 55}{space 4} .0494927{col 68}{space 3} .2999449
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3709601{col 27}{space 2} .1181984{col 38}{space 1}    3.14{col 47}{space 3}0.003{col 55}{space 4} .1334315{col 68}{space 3} .6084887
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.44
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8952
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8932
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1827
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7076

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2793714{col 27}{space 2}  .073681{col 38}{space 1}    3.79{col 47}{space 3}0.000{col 55}{space 4} .1313039{col 68}{space 3}  .427439
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2} .1759938{col 27}{space 2} .0626826{col 38}{space 1}    2.81{col 47}{space 3}0.007{col 55}{space 4} .0500284{col 68}{space 3} .3019592
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3697729{col 27}{space 2}  .118368{col 38}{space 1}    3.12{col 47}{space 3}0.003{col 55}{space 4} .1319034{col 68}{space 3} .6076424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.44
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8952
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8932
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1827
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7076

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2793714{col 27}{space 2}  .073681{col 38}{space 1}    3.79{col 47}{space 3}0.000{col 55}{space 4} .1313039{col 68}{space 3}  .427439
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2} .1759938{col 27}{space 2} .0626826{col 38}{space 1}    2.81{col 47}{space 3}0.007{col 55}{space 4} .0500284{col 68}{space 3} .3019592
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3697729{col 27}{space 2}  .118368{col 38}{space 1}    3.12{col 47}{space 3}0.003{col 55}{space 4} .1319034{col 68}{space 3} .6076424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8737
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1947
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7449

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3135647{col 26}{space 2} .0791327{col 37}{space 1}    3.96{col 46}{space 3}0.000{col 54}{space 4} .1545415{col 67}{space 3} .4725879
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .1441027{col 26}{space 2} .0486688{col 37}{space 1}    2.96{col 46}{space 3}0.005{col 54}{space 4}  .046299{col 67}{space 3} .2419064
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2835944{col 26}{space 2} .1363641{col 37}{space 1}    2.08{col 46}{space 3}0.043{col 54}{space 4} .0095605{col 67}{space 3} .5576283
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.64
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8767
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8743
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1983
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7432

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3036636{col 27}{space 2} .0798604{col 38}{space 1}    3.80{col 47}{space 3}0.000{col 55}{space 4} .1431782{col 68}{space 3}  .464149
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2} .1585362{col 27}{space 2} .0531348{col 38}{space 1}    2.98{col 47}{space 3}0.004{col 55}{space 4} .0517578{col 68}{space 3} .2653146
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .302803{col 27}{space 2} .1244666{col 38}{space 1}    2.43{col 47}{space 3}0.019{col 55}{space 4}  .052678{col 68}{space 3}  .552928
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.03
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8764
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8740
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1963
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7442

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3058794{col 27}{space 2}  .080474{col 38}{space 1}    3.80{col 47}{space 3}0.000{col 55}{space 4} .1441609{col 68}{space 3} .4675979
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2} .1493858{col 27}{space 2} .0512369{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .0464214{col 68}{space 3} .2523502
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3408465{col 27}{space 2} .1125304{col 38}{space 1}    3.03{col 47}{space 3}0.004{col 55}{space 4} .1147082{col 68}{space 3} .5669849
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.93
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8778
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8754
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2054
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7399

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3030691{col 27}{space 2} .0789771{col 38}{space 1}    3.84{col 47}{space 3}0.000{col 55}{space 4} .1443587{col 68}{space 3} .4617795
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2} .1801336{col 27}{space 2} .0602832{col 38}{space 1}    2.99{col 47}{space 3}0.004{col 55}{space 4}   .05899{col 68}{space 3} .3012773
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .310093{col 27}{space 2} .1170629{col 38}{space 1}    2.65{col 47}{space 3}0.011{col 55}{space 4} .0748464{col 68}{space 3} .5453397
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.00
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8782
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8759
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2082
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7386

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2995962{col 27}{space 2} .0780992{col 38}{space 1}    3.84{col 47}{space 3}0.000{col 55}{space 4}   .14265{col 68}{space 3} .4565424
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .2008916{col 27}{space 2} .0692473{col 38}{space 1}    2.90{col 47}{space 3}0.006{col 55}{space 4} .0617339{col 68}{space 3} .3400492
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}   .29119{col 27}{space 2} .1286847{col 38}{space 1}    2.26{col 47}{space 3}0.028{col 55}{space 4} .0325884{col 68}{space 3} .5497916
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.94
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8783
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8760
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2089
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7383

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2989675{col 27}{space 2} .0779771{col 38}{space 1}    3.83{col 47}{space 3}0.000{col 55}{space 4} .1422666{col 68}{space 3} .4556683
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .2037237{col 27}{space 2} .0707015{col 38}{space 1}    2.88{col 47}{space 3}0.006{col 55}{space 4} .0616437{col 68}{space 3} .3458037
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2883598{col 27}{space 2}  .130295{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0265222{col 68}{space 3} .5501975
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.96
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8784
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8761
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2095
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7381

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2985462{col 27}{space 2} .0779999{col 38}{space 1}    3.83{col 47}{space 3}0.000{col 55}{space 4} .1417995{col 68}{space 3} .4552928
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2} .2048934{col 27}{space 2} .0710229{col 38}{space 1}    2.88{col 47}{space 3}0.006{col 55}{space 4} .0621675{col 68}{space 3} .3476192
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2875457{col 27}{space 2} .1303683{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0255608{col 68}{space 3} .5495306
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.96
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8784
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8761
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2095
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7381

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2985462{col 27}{space 2} .0779999{col 38}{space 1}    3.83{col 47}{space 3}0.000{col 55}{space 4} .1417995{col 68}{space 3} .4552928
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2} .2048934{col 27}{space 2} .0710229{col 38}{space 1}    2.88{col 47}{space 3}0.006{col 55}{space 4} .0621675{col 68}{space 3} .3476192
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2875457{col 27}{space 2} .1303683{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0255608{col 68}{space 3} .5495306
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.55
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8871
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8849
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1718
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6672

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2963043{col 26}{space 2} .0795354{col 37}{space 1}    3.73{col 46}{space 3}0.001{col 54}{space 4}  .136472{col 67}{space 3} .4561366
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .1445744{col 26}{space 2} .0457229{col 37}{space 1}    3.16{col 46}{space 3}0.003{col 54}{space 4} .0526908{col 67}{space 3} .2364579
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2738948{col 26}{space 2} .1163374{col 37}{space 1}    2.35{col 46}{space 3}0.023{col 54}{space 4}  .040106{col 67}{space 3} .5076835
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.00
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8866
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1679
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6687

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2836825{col 27}{space 2} .0782973{col 38}{space 1}    3.62{col 47}{space 3}0.001{col 55}{space 4} .1263381{col 68}{space 3} .4410268
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2}  .142362{col 27}{space 2} .0479114{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .0460804{col 68}{space 3} .2386437
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3283174{col 27}{space 2} .1064205{col 38}{space 1}    3.09{col 47}{space 3}0.003{col 55}{space 4} .1144575{col 68}{space 3} .5421773
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1621
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6711

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2876272{col 27}{space 2} .0794184{col 38}{space 1}    3.62{col 47}{space 3}0.001{col 55}{space 4} .1280299{col 68}{space 3} .4472245
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2} .1295971{col 27}{space 2} .0473523{col 38}{space 1}    2.74{col 47}{space 3}0.009{col 55}{space 4} .0344391{col 68}{space 3}  .224755
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}   .36466{col 27}{space 2} .0998496{col 38}{space 1}    3.65{col 47}{space 3}0.001{col 55}{space 4} .1640047{col 68}{space 3} .5653153
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8867
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8846
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1691
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6683

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2865471{col 27}{space 2} .0779543{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1298921{col 68}{space 3} .4432022
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2} .1553383{col 27}{space 2} .0576228{col 38}{space 1}    2.70{col 47}{space 3}0.010{col 55}{space 4} .0395409{col 68}{space 3} .2711358
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3406615{col 27}{space 2} .1048579{col 38}{space 1}    3.25{col 47}{space 3}0.002{col 55}{space 4} .1299417{col 68}{space 3} .5513813
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.09
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8851
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1729
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6667

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2819773{col 27}{space 2} .0764754{col 38}{space 1}    3.69{col 47}{space 3}0.001{col 55}{space 4} .1282941{col 68}{space 3} .4356604
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .1730014{col 27}{space 2} .0643846{col 38}{space 1}    2.69{col 47}{space 3}0.010{col 55}{space 4} .0436158{col 68}{space 3}  .302387
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3305572{col 27}{space 2} .1108423{col 38}{space 1}    2.98{col 47}{space 3}0.004{col 55}{space 4} .1078113{col 68}{space 3} .5533031
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8852
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1736
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6665

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2810668{col 27}{space 2} .0763078{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1277206{col 68}{space 3}  .434413
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .1757056{col 27}{space 2} .0657952{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4} .0434851{col 68}{space 3} .3079261
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3281876{col 27}{space 2} .1121848{col 38}{space 1}    2.93{col 47}{space 3}0.005{col 55}{space 4} .1027438{col 68}{space 3} .5536314
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8852
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1738
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6664

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2808635{col 27}{space 2} .0763172{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1274984{col 68}{space 3} .4342287
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2} .1761917{col 27}{space 2} .0658861{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4} .0437886{col 68}{space 3} .3085948
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .327898{col 27}{space 2} .1122082{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .1024071{col 68}{space 3} .5533889
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8852
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1738
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6664

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2808635{col 27}{space 2} .0763172{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1274984{col 68}{space 3} .4342287
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2} .1761917{col 27}{space 2} .0658861{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4} .0437886{col 68}{space 3} .3085948
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .327898{col 27}{space 2} .1122082{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .1024071{col 68}{space 3} .5533889
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.82
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0123
{txt}{col 51}R-squared{col 67}= {res}    0.9149
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9132
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1098
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6443

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .218808{col 26}{space 2} .0917052{col 37}{space 1}    2.39{col 46}{space 3}0.021{col 54}{space 4} .0345195{col 67}{space 3} .4030965
{txt}log_W5_L3_sd {c |}{col 14}{res}{space 2} .0812019{col 26}{space 2} .0334628{col 37}{space 1}    2.43{col 46}{space 3}0.019{col 54}{space 4} .0139559{col 67}{space 3} .1484479
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5635805{col 26}{space 2} .1214727{col 37}{space 1}    4.64{col 46}{space 3}0.000{col 54}{space 4} .3194719{col 67}{space 3} .8076891
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0130
{txt}{col 51}R-squared{col 67}= {res}    0.9149
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9132
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1097
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6443

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2137569{col 27}{space 2} .0907093{col 38}{space 1}    2.36{col 47}{space 3}0.022{col 55}{space 4} .0314697{col 68}{space 3} .3960441
{txt}log_W10_L3_sd {c |}{col 15}{res}{space 2} .0827421{col 27}{space 2} .0343543{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0137046{col 68}{space 3} .1517796
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5872128{col 27}{space 2} .1147575{col 38}{space 1}    5.12{col 47}{space 3}0.000{col 55}{space 4}  .356599{col 68}{space 3} .8178266
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      5.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0081
{txt}{col 51}R-squared{col 67}= {res}    0.9151
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9135
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1120
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6435

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2111375{col 27}{space 2} .0909078{col 38}{space 1}    2.32{col 47}{space 3}0.024{col 55}{space 4} .0284514{col 68}{space 3} .3938236
{txt}log_W15_L3_sd {c |}{col 15}{res}{space 2} .0864778{col 27}{space 2} .0347073{col 38}{space 1}    2.49{col 47}{space 3}0.016{col 55}{space 4} .0167309{col 68}{space 3} .1562248
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5941285{col 27}{space 2}  .106589{col 38}{space 1}    5.57{col 47}{space 3}0.000{col 55}{space 4} .3799299{col 68}{space 3} .8083272
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      5.65
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0062
{txt}{col 51}R-squared{col 67}= {res}    0.9157
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9141
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1187
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6411

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2097915{col 27}{space 2}  .089174{col 38}{space 1}    2.35{col 47}{space 3}0.023{col 55}{space 4} .0305896{col 68}{space 3} .3889933
{txt}log_W20_L3_sd {c |}{col 15}{res}{space 2} .1105741{col 27}{space 2} .0413681{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4} .0274418{col 68}{space 3} .1937064
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5612295{col 27}{space 2} .1130957{col 38}{space 1}    4.96{col 47}{space 3}0.000{col 55}{space 4} .3339552{col 68}{space 3} .7885038
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.71
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0135
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1161
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6420

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2101311{col 27}{space 2} .0886105{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4} .0320617{col 68}{space 3} .3882005
{txt}log_W25_L3_sd {c |}{col 15}{res}{space 2} .1148906{col 27}{space 2} .0475845{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4}  .019266{col 68}{space 3} .2105152
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5631857{col 27}{space 2} .1231448{col 38}{space 1}    4.57{col 47}{space 3}0.000{col 55}{space 4} .3157169{col 68}{space 3} .8106545
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0140
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1162
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6420

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2099135{col 27}{space 2} .0885216{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4} .0320226{col 68}{space 3} .3878043
{txt}log_W30_L3_sd {c |}{col 15}{res}{space 2} .1160865{col 27}{space 2} .0485425{col 38}{space 1}    2.39{col 47}{space 3}0.021{col 55}{space 4} .0185367{col 68}{space 3} .2136364
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5620545{col 27}{space 2} .1242097{col 38}{space 1}    4.53{col 47}{space 3}0.000{col 55}{space 4} .3124456{col 68}{space 3} .8116633
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.69
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0136
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1166
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6418

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .209626{col 27}{space 2} .0885162{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4}  .031746{col 68}{space 3}  .387506
{txt}log_W35_L3_sd {c |}{col 15}{res}{space 2} .1172671{col 27}{space 2} .0488597{col 38}{space 1}    2.40{col 47}{space 3}0.020{col 55}{space 4} .0190799{col 68}{space 3} .2154543
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5606775{col 27}{space 2} .1242169{col 38}{space 1}    4.51{col 47}{space 3}0.000{col 55}{space 4} .3110543{col 68}{space 3} .8103007
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.69
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0136
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1166
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6418

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .209626{col 27}{space 2} .0885162{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4}  .031746{col 68}{space 3}  .387506
{txt}log_W40_L3_sd {c |}{col 15}{res}{space 2} .1172671{col 27}{space 2} .0488597{col 38}{space 1}    2.40{col 47}{space 3}0.020{col 55}{space 4} .0190799{col 68}{space 3} .2154543
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5606775{col 27}{space 2} .1242169{col 38}{space 1}    4.51{col 47}{space 3}0.000{col 55}{space 4} .3110543{col 68}{space 3} .8103007
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)

{com}. 
.         ** Calculate rmse **
.         
. forvalues q = 5(5)40 {c -(} 
{txt}  2{com}.         gen rmse_W`q'_log = . 
{txt}  3{com}.         egen aux_rmse_`q' = sum(v_e_`q'^2) if v_e_`q' != .  // empty vector rmse
{txt}  4{com}.         replace rmse_W`q'_log = (aux_rmse_`q'/4200)^0.5 
{txt}  5{com}.         
.         replace v_e_`q' = . 
{txt}  6{com}. {c )-}
{txt}(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)

{com}. 
. quietly drop aux_rmse_* err_W*
{txt}
{com}. 
. 
.                 ** EAST **      
. forvalues i = 1(1)7 {c -(}   // loop over countries 
{txt}  2{com}.         forvalues q = 5(5)40 {c -(} // loop over directions 
{txt}  3{com}.         
.                 reghdfe  log_csd    log_L3_sd   log_O`q'_L3_sd                                                          if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  4{com}.                 estimates store log_O`q'
{txt}  5{com}.                 predict log_O`q'_`i', xb
{txt}  6{com}.                 gen err_O`q'_`i' =  log_csd - log_O`q'_`i'                                                                              if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt}  7{com}.                 replace v_e_`q' = err_O`q'_`i' if ccode == `i' // copy to empty vector 
{txt}  8{com}.                  /*check predictions 
>                 sum err_O`q'_`i' if ccode == 1 // 600
>                 sum err_O`q'_`i' // 4,200 
>                 */
.         {c )-}
{txt}  9{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8849
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8827
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1946
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7300

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3098642{col 26}{space 2} .0761191{col 37}{space 1}    4.07{col 46}{space 3}0.000{col 54}{space 4} .1568972{col 67}{space 3} .4628312
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .1732066{col 26}{space 2} .0672878{col 37}{space 1}    2.57{col 46}{space 3}0.013{col 54}{space 4} .0379866{col 67}{space 3} .3084265
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3181895{col 26}{space 2} .1361696{col 37}{space 1}    2.34{col 46}{space 3}0.024{col 54}{space 4} .0445464{col 67}{space 3} .5918327
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.94
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8849
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8827
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1950
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7298

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .301653{col 27}{space 2} .0700795{col 38}{space 1}    4.30{col 47}{space 3}0.000{col 55}{space 4}  .160823{col 68}{space 3}  .442483
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2}  .156495{col 27}{space 2} .0575031{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0409382{col 68}{space 3} .2720518
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3643847{col 27}{space 2} .1242972{col 38}{space 1}    2.93{col 47}{space 3}0.005{col 55}{space 4}    .1146{col 68}{space 3} .6141693
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.87
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8842
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8820
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1897
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7322

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3015386{col 27}{space 2} .0721983{col 38}{space 1}    4.18{col 47}{space 3}0.000{col 55}{space 4} .1564507{col 68}{space 3} .4466266
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .1464902{col 27}{space 2}  .055295{col 38}{space 1}    2.65{col 47}{space 3}0.011{col 55}{space 4} .0353707{col 68}{space 3} .2576096
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3957112{col 27}{space 2} .1142698{col 38}{space 1}    3.46{col 47}{space 3}0.001{col 55}{space 4} .1660774{col 68}{space 3}  .625345
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.24
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8868
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8846
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2079
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7239

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2951227{col 27}{space 2} .0731689{col 38}{space 1}    4.03{col 47}{space 3}0.000{col 55}{space 4} .1480842{col 68}{space 3} .4421611
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2}   .18819{col 27}{space 2} .0624772{col 38}{space 1}    3.01{col 47}{space 3}0.004{col 55}{space 4} .0626373{col 68}{space 3} .3137426
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3383417{col 27}{space 2} .1149634{col 38}{space 1}    2.94{col 47}{space 3}0.005{col 55}{space 4} .1073141{col 68}{space 3} .5693693
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.19
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8878
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8856
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2146
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7209

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .292346{col 27}{space 2} .0723562{col 38}{space 1}    4.04{col 47}{space 3}0.000{col 55}{space 4} .1469408{col 68}{space 3} .4377513
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .2097787{col 27}{space 2} .0684232{col 38}{space 1}    3.07{col 47}{space 3}0.004{col 55}{space 4}  .072277{col 68}{space 3} .3472803
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3175117{col 27}{space 2} .1205614{col 38}{space 1}    2.63{col 47}{space 3}0.011{col 55}{space 4} .0752344{col 68}{space 3} .5597889
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.20
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8878
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2151
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7207

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2919616{col 27}{space 2} .0722667{col 38}{space 1}    4.04{col 47}{space 3}0.000{col 55}{space 4} .1467362{col 68}{space 3}  .437187
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .2110969{col 27}{space 2} .0690016{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4} .0724331{col 68}{space 3} .3497607
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3162971{col 27}{space 2} .1210952{col 38}{space 1}    2.61{col 47}{space 3}0.012{col 55}{space 4} .0729471{col 68}{space 3} .5596471
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.21
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8879
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2157
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7204

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914875{col 27}{space 2} .0722897{col 38}{space 1}    4.03{col 47}{space 3}0.000{col 55}{space 4}  .146216{col 68}{space 3}  .436759
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2} .2122515{col 27}{space 2} .0693483{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4} .0728909{col 68}{space 3}  .351612
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3155958{col 27}{space 2} .1212409{col 38}{space 1}    2.60{col 47}{space 3}0.012{col 55}{space 4}  .071953{col 68}{space 3} .5592386
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.21
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8879
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2157
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7204

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2914875{col 27}{space 2} .0722897{col 38}{space 1}    4.03{col 47}{space 3}0.000{col 55}{space 4}  .146216{col 68}{space 3}  .436759
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2} .2122515{col 27}{space 2} .0693483{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4} .0728909{col 68}{space 3}  .351612
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3155958{col 27}{space 2} .1212409{col 38}{space 1}    2.60{col 47}{space 3}0.012{col 55}{space 4}  .071953{col 68}{space 3} .5592386
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.12
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8861
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8839
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2095
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7045

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3350592{col 26}{space 2} .0971971{col 37}{space 1}    3.45{col 46}{space 3}0.001{col 54}{space 4} .1397343{col 67}{space 3}  .530384
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .1536063{col 26}{space 2} .0639759{col 37}{space 1}    2.40{col 46}{space 3}0.020{col 54}{space 4} .0250418{col 67}{space 3} .2821707
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2924562{col 26}{space 2} .1369229{col 37}{space 1}    2.14{col 46}{space 3}0.038{col 54}{space 4} .0172993{col 67}{space 3} .5676131
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.83
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0011
{txt}{col 51}R-squared{col 67}= {res}    0.8843
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8821
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1969
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7101

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3346322{col 27}{space 2} .0923442{col 38}{space 1}    3.62{col 47}{space 3}0.001{col 55}{space 4} .1490596{col 68}{space 3} .5202048
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2} .1086261{col 27}{space 2} .0509059{col 38}{space 1}    2.13{col 47}{space 3}0.038{col 55}{space 4} .0063269{col 68}{space 3} .2109254
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3844529{col 27}{space 2} .1220394{col 38}{space 1}    3.15{col 47}{space 3}0.003{col 55}{space 4} .1392056{col 68}{space 3} .6297003
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.35
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0008
{txt}{col 51}R-squared{col 67}= {res}    0.8838
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8816
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1938
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7115

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3351929{col 27}{space 2} .0953777{col 38}{space 1}    3.51{col 47}{space 3}0.001{col 55}{space 4} .1435242{col 68}{space 3} .5268616
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .0956337{col 27}{space 2} .0459334{col 38}{space 1}    2.08{col 47}{space 3}0.043{col 55}{space 4} .0033272{col 68}{space 3} .1879402
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4142931{col 27}{space 2} .1056756{col 38}{space 1}    3.92{col 47}{space 3}0.000{col 55}{space 4} .2019301{col 68}{space 3} .6266561
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8857
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8835
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2071
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7056

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3306844{col 27}{space 2} .0949962{col 38}{space 1}    3.48{col 47}{space 3}0.001{col 55}{space 4} .1397825{col 68}{space 3} .5215863
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2} .1337372{col 27}{space 2} .0518232{col 38}{space 1}    2.58{col 47}{space 3}0.013{col 55}{space 4} .0295945{col 68}{space 3} .2378799
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3596018{col 27}{space 2} .1043653{col 38}{space 1}    3.45{col 47}{space 3}0.001{col 55}{space 4} .1498719{col 68}{space 3} .5693318
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.58
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2082
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7051

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3292606{col 27}{space 2}  .094334{col 38}{space 1}    3.49{col 47}{space 3}0.001{col 55}{space 4} .1396893{col 68}{space 3} .5188319
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .1486154{col 27}{space 2} .0603565{col 38}{space 1}    2.46{col 47}{space 3}0.017{col 55}{space 4} .0273245{col 68}{space 3} .2699062
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3481019{col 27}{space 2} .1152232{col 38}{space 1}    3.02{col 47}{space 3}0.004{col 55}{space 4} .1165522{col 68}{space 3} .5796517
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.51
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2085
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7050

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3286996{col 27}{space 2} .0942646{col 38}{space 1}    3.49{col 47}{space 3}0.001{col 55}{space 4} .1392677{col 68}{space 3} .5181315
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .1505754{col 27}{space 2} .0616904{col 38}{space 1}    2.44{col 47}{space 3}0.018{col 55}{space 4} .0266038{col 68}{space 3}  .274547
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3464558{col 27}{space 2} .1165059{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .1123284{col 68}{space 3} .5805832
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2087
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7048

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3284539{col 27}{space 2} .0942725{col 38}{space 1}    3.48{col 47}{space 3}0.001{col 55}{space 4} .1390063{col 68}{space 3} .5179016
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2}  .151106{col 27}{space 2} .0618049{col 38}{space 1}    2.44{col 47}{space 3}0.018{col 55}{space 4} .0269045{col 68}{space 3} .2753075
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3461156{col 27}{space 2} .1163788{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .1122435{col 68}{space 3} .5799876
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2087
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7048

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3284539{col 27}{space 2} .0942725{col 38}{space 1}    3.48{col 47}{space 3}0.001{col 55}{space 4} .1390063{col 68}{space 3} .5179016
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2}  .151106{col 27}{space 2} .0618049{col 38}{space 1}    2.44{col 47}{space 3}0.018{col 55}{space 4} .0269045{col 68}{space 3} .2753075
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3461156{col 27}{space 2} .1163788{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .1122435{col 68}{space 3} .5799876
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     17.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8878
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2246
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6799

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3438236{col 26}{space 2}  .072817{col 37}{space 1}    4.72{col 46}{space 3}0.000{col 54}{space 4} .1974924{col 67}{space 3} .4901548
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .1926777{col 26}{space 2} .0764659{col 37}{space 1}    2.52{col 46}{space 3}0.015{col 54}{space 4} .0390138{col 67}{space 3} .3463416
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2299261{col 26}{space 2} .1383528{col 37}{space 1}    1.66{col 46}{space 3}0.103{col 54}{space 4}-.0481042{col 67}{space 3} .5079564
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.21
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2116
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6856

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3419177{col 27}{space 2} .0730899{col 38}{space 1}    4.68{col 47}{space 3}0.000{col 55}{space 4}  .195038{col 68}{space 3} .4887973
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2}  .142752{col 27}{space 2} .0657857{col 38}{space 1}    2.17{col 47}{space 3}0.035{col 55}{space 4} .0105507{col 68}{space 3} .2749533
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3276556{col 27}{space 2} .1206512{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4}  .085198{col 68}{space 3} .5701133
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.24
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8852
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8829
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2060
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6880

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3434686{col 27}{space 2} .0741677{col 38}{space 1}    4.63{col 47}{space 3}0.000{col 55}{space 4} .1944229{col 68}{space 3} .4925142
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .1227573{col 27}{space 2} .0571682{col 38}{space 1}    2.15{col 47}{space 3}0.037{col 55}{space 4} .0078734{col 68}{space 3} .2376412
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3681748{col 27}{space 2} .1007365{col 38}{space 1}    3.65{col 47}{space 3}0.001{col 55}{space 4} .1657372{col 68}{space 3} .5706125
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     18.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8867
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8845
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2166
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6834

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3401085{col 27}{space 2} .0745208{col 38}{space 1}    4.56{col 47}{space 3}0.000{col 55}{space 4} .1903533{col 68}{space 3} .4898636
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2} .1523122{col 27}{space 2} .0616687{col 38}{space 1}    2.47{col 47}{space 3}0.017{col 55}{space 4} .0283843{col 68}{space 3} .2762402
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3272158{col 27}{space 2}  .102123{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1219918{col 68}{space 3} .5324397
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.40
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8847
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2182
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6827

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3394562{col 27}{space 2} .0744442{col 38}{space 1}    4.56{col 47}{space 3}0.000{col 55}{space 4}  .189855{col 68}{space 3} .4890573
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .1677544{col 27}{space 2} .0692025{col 38}{space 1}    2.42{col 47}{space 3}0.019{col 55}{space 4} .0286869{col 68}{space 3}  .306822
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3158682{col 27}{space 2} .1120299{col 38}{space 1}    2.82{col 47}{space 3}0.007{col 55}{space 4} .0907357{col 68}{space 3} .5410006
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.30
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8869
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8847
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2182
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6827

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3391277{col 27}{space 2} .0744741{col 38}{space 1}    4.55{col 47}{space 3}0.000{col 55}{space 4} .1894665{col 68}{space 3}  .488789
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .1689305{col 27}{space 2} .0702783{col 38}{space 1}    2.40{col 47}{space 3}0.020{col 55}{space 4} .0277011{col 68}{space 3}   .31016
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3148822{col 27}{space 2}  .113294{col 38}{space 1}    2.78{col 47}{space 3}0.008{col 55}{space 4} .0872095{col 68}{space 3}  .542555
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8848
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2188
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6825

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3386166{col 27}{space 2} .0745498{col 38}{space 1}    4.54{col 47}{space 3}0.000{col 55}{space 4} .1888031{col 68}{space 3}   .48843
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2} .1703183{col 27}{space 2} .0707552{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0281304{col 68}{space 3} .3125063
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .313729{col 27}{space 2} .1134905{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0856613{col 68}{space 3} .5417967
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8848
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2188
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6825

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3386166{col 27}{space 2} .0745498{col 38}{space 1}    4.54{col 47}{space 3}0.000{col 55}{space 4} .1888031{col 68}{space 3}   .48843
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2} .1703183{col 27}{space 2} .0707552{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0281304{col 68}{space 3} .3125063
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .313729{col 27}{space 2} .1134905{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0856613{col 68}{space 3} .5417967
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.78
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8945
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8924
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1771
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7100

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .294635{col 26}{space 2} .0739761{col 37}{space 1}    3.98{col 46}{space 3}0.000{col 54}{space 4} .1459744{col 67}{space 3} .4432956
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .1732862{col 26}{space 2} .0687036{col 37}{space 1}    2.52{col 46}{space 3}0.015{col 54}{space 4} .0352213{col 67}{space 3} .3113512
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3129379{col 26}{space 2} .1478615{col 37}{space 1}    2.12{col 46}{space 3}0.039{col 54}{space 4} .0157991{col 67}{space 3} .6100766
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.38
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8931
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8910
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1660
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7148

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2858939{col 27}{space 2} .0707278{col 38}{space 1}    4.04{col 47}{space 3}0.000{col 55}{space 4} .1437611{col 68}{space 3} .4280267
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2} .1261599{col 27}{space 2} .0492561{col 38}{space 1}    2.56{col 47}{space 3}0.014{col 55}{space 4} .0271761{col 68}{space 3} .2251436
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .425178{col 27}{space 2} .1171375{col 38}{space 1}    3.63{col 47}{space 3}0.001{col 55}{space 4} .1897814{col 68}{space 3} .6605746
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.12
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8927
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8906
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1629
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7161

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2871856{col 27}{space 2} .0735827{col 38}{space 1}    3.90{col 47}{space 3}0.000{col 55}{space 4} .1393156{col 68}{space 3} .4350555
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .1146077{col 27}{space 2} .0443566{col 38}{space 1}    2.58{col 47}{space 3}0.013{col 55}{space 4} .0254698{col 68}{space 3} .2037457
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4526787{col 27}{space 2} .1020512{col 38}{space 1}    4.44{col 47}{space 3}0.000{col 55}{space 4} .2475991{col 68}{space 3} .6577584
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.86
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8948
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8928
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1797
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7089

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2822609{col 27}{space 2} .0742877{col 38}{space 1}    3.80{col 47}{space 3}0.000{col 55}{space 4} .1329743{col 68}{space 3} .4315475
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2} .1543739{col 27}{space 2} .0531689{col 38}{space 1}    2.90{col 47}{space 3}0.006{col 55}{space 4} .0475271{col 68}{space 3} .2612208
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3899936{col 27}{space 2} .1050358{col 38}{space 1}    3.71{col 47}{space 3}0.001{col 55}{space 4} .1789162{col 68}{space 3}  .601071
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.47
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8951
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8930
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1816
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7081

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2804396{col 27}{space 2} .0737276{col 38}{space 1}    3.80{col 47}{space 3}0.000{col 55}{space 4} .1322785{col 68}{space 3} .4286007
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .1721039{col 27}{space 2} .0609282{col 38}{space 1}    2.82{col 47}{space 3}0.007{col 55}{space 4} .0496641{col 68}{space 3} .2945436
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3738303{col 27}{space 2} .1165829{col 38}{space 1}    3.21{col 47}{space 3}0.002{col 55}{space 4} .1395482{col 68}{space 3} .6081123
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.41
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8951
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8931
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1821
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7078

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2798075{col 27}{space 2} .0736557{col 38}{space 1}    3.80{col 47}{space 3}0.000{col 55}{space 4} .1317908{col 68}{space 3} .4278242
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .1747188{col 27}{space 2} .0623147{col 38}{space 1}    2.80{col 47}{space 3}0.007{col 55}{space 4} .0494927{col 68}{space 3} .2999449
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3709601{col 27}{space 2} .1181984{col 38}{space 1}    3.14{col 47}{space 3}0.003{col 55}{space 4} .1334315{col 68}{space 3} .6084887
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.44
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8952
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8932
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1827
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7076

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2793714{col 27}{space 2}  .073681{col 38}{space 1}    3.79{col 47}{space 3}0.000{col 55}{space 4} .1313039{col 68}{space 3}  .427439
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2} .1759938{col 27}{space 2} .0626826{col 38}{space 1}    2.81{col 47}{space 3}0.007{col 55}{space 4} .0500284{col 68}{space 3} .3019592
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3697729{col 27}{space 2}  .118368{col 38}{space 1}    3.12{col 47}{space 3}0.003{col 55}{space 4} .1319034{col 68}{space 3} .6076424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.44
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8952
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8932
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1827
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7076

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2793714{col 27}{space 2}  .073681{col 38}{space 1}    3.79{col 47}{space 3}0.000{col 55}{space 4} .1313039{col 68}{space 3}  .427439
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2} .1759938{col 27}{space 2} .0626826{col 38}{space 1}    2.81{col 47}{space 3}0.007{col 55}{space 4} .0500284{col 68}{space 3} .3019592
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3697729{col 27}{space 2}  .118368{col 38}{space 1}    3.12{col 47}{space 3}0.003{col 55}{space 4} .1319034{col 68}{space 3} .6076424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.67
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8766
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8742
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1979
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7434

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3084056{col 26}{space 2} .0812156{col 37}{space 1}    3.80{col 46}{space 3}0.000{col 54}{space 4} .1451967{col 67}{space 3} .4716144
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .1864134{col 26}{space 2} .0706112{col 37}{space 1}    2.64{col 46}{space 3}0.011{col 54}{space 4} .0445149{col 67}{space 3} .3283119
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2599654{col 26}{space 2} .1450851{col 37}{space 1}    1.79{col 46}{space 3}0.079{col 54}{space 4}-.0315941{col 67}{space 3} .5515248
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.22
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8758
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8734
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1924
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7460

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3057905{col 27}{space 2} .0758012{col 38}{space 1}    4.03{col 47}{space 3}0.000{col 55}{space 4} .1534622{col 68}{space 3} .4581188
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2} .1568783{col 27}{space 2} .0633928{col 38}{space 1}    2.47{col 47}{space 3}0.017{col 55}{space 4} .0294857{col 68}{space 3}  .284271
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3288702{col 27}{space 2} .1380105{col 38}{space 1}    2.38{col 47}{space 3}0.021{col 55}{space 4} .0515276{col 68}{space 3} .6062127
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8751
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8727
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1877
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7481

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}   .30611{col 27}{space 2} .0782392{col 38}{space 1}    3.91{col 47}{space 3}0.000{col 55}{space 4} .1488825{col 68}{space 3} .4633375
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .1423167{col 27}{space 2}  .056378{col 38}{space 1}    2.52{col 47}{space 3}0.015{col 55}{space 4}  .029021{col 68}{space 3} .2556124
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3660777{col 27}{space 2} .1208061{col 38}{space 1}    3.03{col 47}{space 3}0.004{col 55}{space 4} .1233088{col 68}{space 3} .6088465
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.97
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8778
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8754
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2055
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7399

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .3014239{col 27}{space 2} .0789417{col 38}{space 1}    3.82{col 47}{space 3}0.000{col 55}{space 4} .1427845{col 68}{space 3} .4600632
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2} .1805842{col 27}{space 2} .0607713{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .0584598{col 68}{space 3} .3027087
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3101048{col 27}{space 2} .1171884{col 38}{space 1}    2.65{col 47}{space 3}0.011{col 55}{space 4} .0746059{col 68}{space 3} .5456037
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.00
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8782
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8759
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2082
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7386

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2995962{col 27}{space 2} .0780992{col 38}{space 1}    3.84{col 47}{space 3}0.000{col 55}{space 4}   .14265{col 68}{space 3} .4565424
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .2008916{col 27}{space 2} .0692473{col 38}{space 1}    2.90{col 47}{space 3}0.006{col 55}{space 4} .0617339{col 68}{space 3} .3400492
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}   .29119{col 27}{space 2} .1286847{col 38}{space 1}    2.26{col 47}{space 3}0.028{col 55}{space 4} .0325884{col 68}{space 3} .5497916
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.94
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8783
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8760
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2089
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7383

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2989675{col 27}{space 2} .0779771{col 38}{space 1}    3.83{col 47}{space 3}0.000{col 55}{space 4} .1422666{col 68}{space 3} .4556683
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .2037237{col 27}{space 2} .0707015{col 38}{space 1}    2.88{col 47}{space 3}0.006{col 55}{space 4} .0616437{col 68}{space 3} .3458037
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2883598{col 27}{space 2}  .130295{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0265222{col 68}{space 3} .5501975
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.96
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8784
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8761
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2095
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7381

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2985462{col 27}{space 2} .0779999{col 38}{space 1}    3.83{col 47}{space 3}0.000{col 55}{space 4} .1417995{col 68}{space 3} .4552928
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2} .2048934{col 27}{space 2} .0710229{col 38}{space 1}    2.88{col 47}{space 3}0.006{col 55}{space 4} .0621675{col 68}{space 3} .3476192
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2875457{col 27}{space 2} .1303683{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0255608{col 68}{space 3} .5495306
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.96
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8784
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8761
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2095
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7381

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2985462{col 27}{space 2} .0779999{col 38}{space 1}    3.83{col 47}{space 3}0.000{col 55}{space 4} .1417995{col 68}{space 3} .4552928
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2} .2048934{col 27}{space 2} .0710229{col 38}{space 1}    2.88{col 47}{space 3}0.006{col 55}{space 4} .0621675{col 68}{space 3} .3476192
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .2875457{col 27}{space 2} .1303683{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0255608{col 68}{space 3} .5495306
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.43
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8866
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1683
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6686

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2890941{col 26}{space 2} .0803282{col 37}{space 1}    3.60{col 46}{space 3}0.001{col 54}{space 4} .1276685{col 67}{space 3} .4505198
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .1695703{col 26}{space 2} .0615615{col 37}{space 1}    2.75{col 46}{space 3}0.008{col 54}{space 4} .0458578{col 67}{space 3} .2932828
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2839671{col 26}{space 2} .1209874{col 37}{space 1}    2.35{col 46}{space 3}0.023{col 54}{space 4} .0408338{col 67}{space 3} .5271005
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.14
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1605
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6717

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2872257{col 27}{space 2} .0730092{col 38}{space 1}    3.93{col 47}{space 3}0.000{col 55}{space 4} .1405083{col 68}{space 3} .4339432
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2} .1372671{col 27}{space 2} .0528487{col 38}{space 1}    2.60{col 47}{space 3}0.012{col 55}{space 4} .0310636{col 68}{space 3} .2434706
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3570428{col 27}{space 2} .1162372{col 38}{space 1}    3.07{col 47}{space 3}0.003{col 55}{space 4} .1234554{col 68}{space 3} .5906302
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.85
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8845
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8823
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1529
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6748

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2898506{col 27}{space 2} .0767087{col 38}{space 1}    3.78{col 47}{space 3}0.000{col 55}{space 4} .1356987{col 68}{space 3} .4440025
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .1185818{col 27}{space 2} .0485148{col 38}{space 1}    2.44{col 47}{space 3}0.018{col 55}{space 4} .0210877{col 68}{space 3} .2160759
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3932648{col 27}{space 2} .1057409{col 38}{space 1}    3.72{col 47}{space 3}0.001{col 55}{space 4} .1807704{col 68}{space 3} .6057592
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.50
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8867
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8845
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1690
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6683

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2864026{col 27}{space 2}  .077973{col 38}{space 1}    3.67{col 47}{space 3}0.001{col 55}{space 4} .1297099{col 68}{space 3} .4430952
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2} .1557733{col 27}{space 2} .0581285{col 38}{space 1}    2.68{col 47}{space 3}0.010{col 55}{space 4} .0389597{col 68}{space 3} .2725868
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3396693{col 27}{space 2} .1055219{col 38}{space 1}    3.22{col 47}{space 3}0.002{col 55}{space 4} .1276152{col 68}{space 3} .5517235
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.09
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8851
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1729
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6667

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2819773{col 27}{space 2} .0764754{col 38}{space 1}    3.69{col 47}{space 3}0.001{col 55}{space 4} .1282941{col 68}{space 3} .4356604
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .1730014{col 27}{space 2} .0643846{col 38}{space 1}    2.69{col 47}{space 3}0.010{col 55}{space 4} .0436158{col 68}{space 3}  .302387
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3305572{col 27}{space 2} .1108423{col 38}{space 1}    2.98{col 47}{space 3}0.004{col 55}{space 4} .1078113{col 68}{space 3} .5533031
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8852
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1736
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6665

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2810668{col 27}{space 2} .0763078{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1277206{col 68}{space 3}  .434413
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .1757056{col 27}{space 2} .0657952{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4} .0434851{col 68}{space 3} .3079261
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3281876{col 27}{space 2} .1121848{col 38}{space 1}    2.93{col 47}{space 3}0.005{col 55}{space 4} .1027438{col 68}{space 3} .5536314
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8852
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1738
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6664

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2808635{col 27}{space 2} .0763172{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1274984{col 68}{space 3} .4342287
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2} .1761917{col 27}{space 2} .0658861{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4} .0437886{col 68}{space 3} .3085948
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .327898{col 27}{space 2} .1122082{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .1024071{col 68}{space 3} .5533889
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8852
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1738
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6664

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2808635{col 27}{space 2} .0763172{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1274984{col 68}{space 3} .4342287
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2} .1761917{col 27}{space 2} .0658861{col 38}{space 1}    2.67{col 47}{space 3}0.010{col 55}{space 4} .0437886{col 68}{space 3} .3085948
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .327898{col 27}{space 2} .1122082{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .1024071{col 68}{space 3} .5533889
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      5.22
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0088
{txt}{col 51}R-squared{col 67}= {res}    0.9144
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9127
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1046
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6462

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2197675{col 26}{space 2} .0921669{col 37}{space 1}    2.38{col 46}{space 3}0.021{col 54}{space 4} .0345512{col 67}{space 3} .4049837
{txt}log_O5_L3_sd {c |}{col 14}{res}{space 2} .0896855{col 26}{space 2} .0465521{col 37}{space 1}    1.93{col 46}{space 3}0.060{col 54}{space 4}-.0038645{col 67}{space 3} .1832356
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5751226{col 26}{space 2} .1156636{col 37}{space 1}    4.97{col 46}{space 3}0.000{col 54}{space 4}  .342688{col 67}{space 3} .8075573
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.60
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0148
{txt}{col 51}R-squared{col 67}= {res}    0.9148
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9131
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1087
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6447

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2131313{col 27}{space 2} .0892735{col 38}{space 1}    2.39{col 47}{space 3}0.021{col 55}{space 4} .0337295{col 68}{space 3} .3925331
{txt}log_O10_L3_sd {c |}{col 15}{res}{space 2} .0862083{col 27}{space 2} .0415711{col 38}{space 1}    2.07{col 47}{space 3}0.043{col 55}{space 4} .0026681{col 68}{space 3} .1697485
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5942308{col 27}{space 2} .1150995{col 38}{space 1}    5.16{col 47}{space 3}0.000{col 55}{space 4} .3629296{col 68}{space 3} .8255319
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      5.17
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0092
{txt}{col 51}R-squared{col 67}= {res}    0.9147
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9130
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1079
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6450

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2110173{col 27}{space 2} .0905102{col 38}{space 1}    2.33{col 47}{space 3}0.024{col 55}{space 4} .0291303{col 68}{space 3} .3929043
{txt}log_O15_L3_sd {c |}{col 15}{res}{space 2} .0813895{col 27}{space 2} .0368351{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0073666{col 68}{space 3} .1554125
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6105352{col 27}{space 2} .1026733{col 38}{space 1}    5.95{col 47}{space 3}0.000{col 55}{space 4} .4042055{col 68}{space 3}  .816865
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      5.60
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0064
{txt}{col 51}R-squared{col 67}= {res}    0.9157
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9141
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1189
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6410

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2088346{col 27}{space 2} .0888914{col 38}{space 1}    2.35{col 47}{space 3}0.023{col 55}{space 4} .0302006{col 68}{space 3} .3874685
{txt}log_O20_L3_sd {c |}{col 15}{res}{space 2} .1116824{col 27}{space 2} .0424479{col 38}{space 1}    2.63{col 47}{space 3}0.011{col 55}{space 4} .0263802{col 68}{space 3} .1969847
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5594101{col 27}{space 2} .1140089{col 38}{space 1}    4.91{col 47}{space 3}0.000{col 55}{space 4} .3303006{col 68}{space 3} .7885197
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.71
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0135
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1161
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6420

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2101311{col 27}{space 2} .0886105{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4} .0320617{col 68}{space 3} .3882005
{txt}log_O25_L3_sd {c |}{col 15}{res}{space 2} .1148906{col 27}{space 2} .0475845{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4}  .019266{col 68}{space 3} .2105152
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5631857{col 27}{space 2} .1231448{col 38}{space 1}    4.57{col 47}{space 3}0.000{col 55}{space 4} .3157169{col 68}{space 3} .8106545
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0140
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1162
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6420

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2} .2099135{col 27}{space 2} .0885216{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4} .0320226{col 68}{space 3} .3878043
{txt}log_O30_L3_sd {c |}{col 15}{res}{space 2} .1160865{col 27}{space 2} .0485425{col 38}{space 1}    2.39{col 47}{space 3}0.021{col 55}{space 4} .0185367{col 68}{space 3} .2136364
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5620545{col 27}{space 2} .1242097{col 38}{space 1}    4.53{col 47}{space 3}0.000{col 55}{space 4} .3124456{col 68}{space 3} .8116633
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.69
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0136
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1166
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6418

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .209626{col 27}{space 2} .0885162{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4}  .031746{col 68}{space 3}  .387506
{txt}log_O35_L3_sd {c |}{col 15}{res}{space 2} .1172671{col 27}{space 2} .0488597{col 38}{space 1}    2.40{col 47}{space 3}0.020{col 55}{space 4} .0190799{col 68}{space 3} .2154543
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5606775{col 27}{space 2} .1242169{col 38}{space 1}    4.51{col 47}{space 3}0.000{col 55}{space 4} .3110543{col 68}{space 3} .8103007
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.69
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0136
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1166
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6418

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      log_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}log_L3_sd {c |}{col 15}{res}{space 2}  .209626{col 27}{space 2} .0885162{col 38}{space 1}    2.37{col 47}{space 3}0.022{col 55}{space 4}  .031746{col 68}{space 3}  .387506
{txt}log_O40_L3_sd {c |}{col 15}{res}{space 2} .1172671{col 27}{space 2} .0488597{col 38}{space 1}    2.40{col 47}{space 3}0.020{col 55}{space 4} .0190799{col 68}{space 3} .2154543
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5606775{col 27}{space 2} .1242169{col 38}{space 1}    4.51{col 47}{space 3}0.000{col 55}{space 4} .3110543{col 68}{space 3} .8103007
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)

{com}. 
.         ** Check error structure ** 
. * sum err*      // confirms convergence to vertical after 30. 
.         
. 
. forvalues q = 5(5)40 {c -(} 
{txt}  2{com}.         gen rmse_O`q'_log = . 
{txt}  3{com}.         egen aux_rmse_`q' = sum(v_e_`q'^2) if v_e_`q' != .  // empty vector rmse
{txt}  4{com}.         replace rmse_O`q'_log = (aux_rmse_`q'/4200)^0.5 
{txt}  5{com}.         
.         replace v_e_`q' = . 
{txt}  6{com}. {c )-}
{txt}(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)

{com}. 
. quietly drop aux_rmse_* err_O*
{txt}
{com}. 
.         ************************ Compare rmse *****************************
. sum rmse_W*

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_W5_log {c |}{res}      4,200    1.495899           0   1.495899   1.495899
{txt}rmse_W10_log {c |}{res}      4,200    1.499544           0   1.499544   1.499544
{txt}rmse_W15_log {c |}{res}      4,200    1.494495           0   1.494495   1.494495
{txt}rmse_W20_log {c |}{res}      4,200    1.449121           0   1.449121   1.449121
{txt}rmse_W25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_W30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_W35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_W40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}
{com}. 
. sum rmse_O*

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_O5_log {c |}{res}      4,200    1.432011           0   1.432011   1.432011
{txt}rmse_O10_log {c |}{res}      4,200     1.47957           0    1.47957    1.47957
{txt}rmse_O15_log {c |}{res}      4,200      1.4964           0     1.4964     1.4964
{txt}rmse_O20_log {c |}{res}      4,200     1.44975           0    1.44975    1.44975
{txt}rmse_O25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_O30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_O35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_O40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}
{com}.                 
.                 
.         ***************** Polar Cases ****************************
. 
.                 
. forvalues i = 1(1)7 {c -(}   // loop over countries 
{txt}  2{com}. 
.                 ** Rook **
.                 reghdfe  log_csd    log_L3_sd   log_R_L3_sd                                                             if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  3{com}.                 estimates store log_R
{txt}  4{com}.                 predict log_R_`i', xb
{txt}  5{com}.                 gen err_R_`i' =  log_csd - log_R_`i'                                                                            if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt}  6{com}.                 replace v_e_R = err_R_`i' if ccode == `i' // copy to empty vector 
{txt}  7{com}.                 
.                 ** Horizontal **
.                 reghdfe  log_csd    log_L3_sd   log_H_L3_sd                                                             if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  8{com}.                 estimates store log_H
{txt}  9{com}.                 predict log_H_`i', xb
{txt} 10{com}.                 gen err_H_`i' =  log_csd - log_H_`i'                                                                            if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt} 11{com}.                 replace v_e_H = err_H_`i' if ccode == `i' // copy to empty vector 
{txt} 12{com}.         
. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.21
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8879
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8857
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2157
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7204

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2914875{col 26}{space 2} .0722897{col 37}{space 1}    4.03{col 46}{space 3}0.000{col 54}{space 4}  .146216{col 67}{space 3}  .436759
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2} .2122515{col 26}{space 2} .0693483{col 37}{space 1}    3.06{col 46}{space 3}0.004{col 54}{space 4} .0728909{col 67}{space 3}  .351612
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3155958{col 26}{space 2} .1212409{col 37}{space 1}    2.60{col 46}{space 3}0.012{col 54}{space 4}  .071953{col 67}{space 3} .5592386
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.63
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2019
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7267

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3201525{col 26}{space 2} .0750488{col 37}{space 1}    4.27{col 46}{space 3}0.000{col 54}{space 4} .1693363{col 67}{space 3} .4709686
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2} .1576767{col 26}{space 2} .0512693{col 37}{space 1}    3.08{col 46}{space 3}0.003{col 54}{space 4} .0546472{col 67}{space 3} .2607063
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2987751{col 26}{space 2}  .135454{col 37}{space 1}    2.21{col 46}{space 3}0.032{col 54}{space 4} .0265701{col 67}{space 3} .5709801
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2087
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7048

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3284539{col 26}{space 2} .0942725{col 37}{space 1}    3.48{col 46}{space 3}0.001{col 54}{space 4} .1390063{col 67}{space 3} .5179016
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2}  .151106{col 26}{space 2} .0618049{col 37}{space 1}    2.44{col 46}{space 3}0.018{col 54}{space 4} .0269045{col 67}{space 3} .2753075
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3461156{col 26}{space 2} .1163788{col 37}{space 1}    2.97{col 46}{space 3}0.005{col 54}{space 4} .1122435{col 67}{space 3} .5799876
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0009
{txt}{col 51}R-squared{col 67}= {res}    0.8844
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8822
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1980
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7096

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3459834{col 26}{space 2}  .097158{col 37}{space 1}    3.56{col 46}{space 3}0.001{col 54}{space 4}  .150737{col 67}{space 3} .5412298
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2} .0990494{col 26}{space 2} .0363069{col 37}{space 1}    2.73{col 46}{space 3}0.009{col 54}{space 4} .0260879{col 67}{space 3} .1720109
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3567527{col 26}{space 2} .1194483{col 37}{space 1}    2.99{col 46}{space 3}0.004{col 54}{space 4} .1167125{col 67}{space 3}  .596793
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8848
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2188
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6825

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3386166{col 26}{space 2} .0745498{col 37}{space 1}    4.54{col 46}{space 3}0.000{col 54}{space 4} .1888031{col 67}{space 3}   .48843
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2} .1703183{col 26}{space 2} .0707552{col 37}{space 1}    2.41{col 46}{space 3}0.020{col 54}{space 4} .0281304{col 67}{space 3} .3125063
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .313729{col 26}{space 2} .1134905{col 37}{space 1}    2.76{col 46}{space 3}0.008{col 54}{space 4} .0856613{col 67}{space 3} .5417967
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.79
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8868
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8847
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2176
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6830

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3548179{col 26}{space 2} .0722532{col 37}{space 1}    4.91{col 46}{space 3}0.000{col 54}{space 4} .2096197{col 67}{space 3} .5000161
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2} .1335598{col 26}{space 2}  .051687{col 37}{space 1}    2.58{col 46}{space 3}0.013{col 54}{space 4}  .029691{col 67}{space 3} .2374287
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2907465{col 26}{space 2} .1233179{col 37}{space 1}    2.36{col 46}{space 3}0.022{col 54}{space 4}   .04293{col 67}{space 3}  .538563
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.44
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8952
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8932
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1827
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7076

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2793714{col 26}{space 2}  .073681{col 37}{space 1}    3.79{col 46}{space 3}0.000{col 54}{space 4} .1313039{col 67}{space 3}  .427439
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2} .1759938{col 26}{space 2} .0626826{col 37}{space 1}    2.81{col 46}{space 3}0.007{col 54}{space 4} .0500284{col 67}{space 3} .3019592
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3697729{col 26}{space 2}  .118368{col 37}{space 1}    3.12{col 46}{space 3}0.003{col 54}{space 4} .1319034{col 67}{space 3} .6076424
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.83
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8931
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8911
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1666
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7145

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .300775{col 26}{space 2} .0749758{col 37}{space 1}    4.01{col 46}{space 3}0.000{col 54}{space 4} .1501056{col 67}{space 3} .4514444
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2}  .111593{col 26}{space 2} .0416921{col 37}{space 1}    2.68{col 46}{space 3}0.010{col 54}{space 4} .0278095{col 67}{space 3} .1953764
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4004814{col 26}{space 2} .1317784{col 37}{space 1}    3.04{col 46}{space 3}0.004{col 54}{space 4} .1356629{col 67}{space 3}    .6653
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.96
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8784
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8761
{txt}{col 51}Within R-sq.{col 67}= {res}    0.2095
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7381

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2985462{col 26}{space 2} .0779999{col 37}{space 1}    3.83{col 46}{space 3}0.000{col 54}{space 4} .1417995{col 67}{space 3} .4552928
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2} .2048934{col 26}{space 2} .0710229{col 37}{space 1}    2.88{col 46}{space 3}0.006{col 54}{space 4} .0621675{col 67}{space 3} .3476192
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2875457{col 26}{space 2} .1303683{col 37}{space 1}    2.21{col 46}{space 3}0.032{col 54}{space 4} .0255608{col 67}{space 3} .5495306
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.36
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8754
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8730
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1897
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7472

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3241218{col 26}{space 2} .0813169{col 37}{space 1}    3.99{col 46}{space 3}0.000{col 54}{space 4} .1607093{col 67}{space 3} .4875342
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2} .1303131{col 26}{space 2}  .047149{col 37}{space 1}    2.76{col 46}{space 3}0.008{col 54}{space 4} .0355636{col 67}{space 3} .2250626
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3170554{col 26}{space 2}   .13764{col 37}{space 1}    2.30{col 46}{space 3}0.026{col 54}{space 4} .0404575{col 67}{space 3} .5936534
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8874
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8852
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1738
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6664

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2808635{col 26}{space 2} .0763172{col 37}{space 1}    3.68{col 46}{space 3}0.001{col 54}{space 4} .1274984{col 67}{space 3} .4342287
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2} .1761917{col 26}{space 2} .0658861{col 37}{space 1}    2.67{col 46}{space 3}0.010{col 54}{space 4} .0437886{col 67}{space 3} .3085948
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .327898{col 26}{space 2} .1122082{col 37}{space 1}    2.92{col 46}{space 3}0.005{col 54}{space 4} .1024071{col 67}{space 3} .5533889
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8846
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8824
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1535
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6745

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2972835{col 26}{space 2} .0817646{col 37}{space 1}    3.64{col 46}{space 3}0.001{col 54}{space 4} .1329713{col 67}{space 3} .4615957
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2} .1077769{col 26}{space 2} .0443837{col 37}{space 1}    2.43{col 46}{space 3}0.019{col 54}{space 4} .0185846{col 67}{space 3} .1969692
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3582672{col 26}{space 2} .1137923{col 37}{space 1}    3.15{col 46}{space 3}0.003{col 54}{space 4}  .129593{col 67}{space 3} .5869414
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.69
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0136
{txt}{col 51}R-squared{col 67}= {res}    0.9155
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9139
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1166
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6418

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .209626{col 26}{space 2} .0885162{col 37}{space 1}    2.37{col 46}{space 3}0.022{col 54}{space 4}  .031746{col 67}{space 3}  .387506
{txt}{space 1}log_R_L3_sd {c |}{col 14}{res}{space 2} .1172671{col 26}{space 2} .0488597{col 37}{space 1}    2.40{col 46}{space 3}0.020{col 54}{space 4} .0190799{col 67}{space 3} .2154543
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5606775{col 26}{space 2} .1242169{col 37}{space 1}    4.51{col 46}{space 3}0.000{col 54}{space 4} .3110543{col 67}{space 3} .8103007
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.90
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0269
{txt}{col 51}R-squared{col 67}= {res}    0.9149
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9132
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1096
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.6444

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2235267{col 26}{space 2} .0934158{col 37}{space 1}    2.39{col 46}{space 3}0.021{col 54}{space 4} .0358005{col 67}{space 3} .4112528
{txt}{space 1}log_H_L3_sd {c |}{col 14}{res}{space 2} .0812612{col 26}{space 2} .0340744{col 37}{space 1}    2.38{col 46}{space 3}0.021{col 54}{space 4}  .012786{col 67}{space 3} .1497363
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5636513{col 26}{space 2} .1350764{col 37}{space 1}    4.17{col 46}{space 3}0.000{col 54}{space 4}  .292205{col 67}{space 3} .8350976
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)

{com}. 
.         ********************** Calculate rmse *****************************
.         gen rmse_R_log = . 
{txt}(415,800 missing values generated)

{com}.         egen aux_rmse_R = sum(v_e_R^2) if v_e_R != .  // empty vector rmse
{txt}(411,600 missing values generated)

{com}.         replace rmse_R_log = (aux_rmse_R/4200)^0.5  
{txt}(4,200 real changes made)

{com}. 
.         quietly drop aux_rmse_* err_R*
{txt}
{com}.         
.         gen rmse_H_log = . 
{txt}(415,800 missing values generated)

{com}.         egen aux_rmse_H = sum(v_e_H^2) if v_e_H != .  // empty vector rmse
{txt}(411,600 missing values generated)

{com}.         replace rmse_H_log = (aux_rmse_H/4200)^0.5  
{txt}(4,200 real changes made)

{com}. 
.         quietly drop aux_rmse_* err_H*
{txt}
{com}. 
.         replace v_e_R = . // reset 
{txt}(4,200 real changes made, 4,200 to missing)

{com}.         replace v_e_H = . // reset 
{txt}(4,200 real changes made, 4,200 to missing)

{com}. 
.         ************************ compare rmse *****************************
. sum rmse_R*  rmse_H*

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}rmse_R_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}{space 2}rmse_H_log {c |}{res}      4,200     1.53712           0    1.53712    1.53712
{txt}
{com}. 
. sum rmse_W*_log

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_W5_log {c |}{res}      4,200    1.495899           0   1.495899   1.495899
{txt}rmse_W10_log {c |}{res}      4,200    1.499544           0   1.499544   1.499544
{txt}rmse_W15_log {c |}{res}      4,200    1.494495           0   1.494495   1.494495
{txt}rmse_W20_log {c |}{res}      4,200    1.449121           0   1.449121   1.449121
{txt}rmse_W25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_W30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_W35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_W40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}
{com}. 
. sum rmse_O*_log

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_O5_log {c |}{res}      4,200    1.432011           0   1.432011   1.432011
{txt}rmse_O10_log {c |}{res}      4,200     1.47957           0    1.47957    1.47957
{txt}rmse_O15_log {c |}{res}      4,200      1.4964           0     1.4964     1.4964
{txt}rmse_O20_log {c |}{res}      4,200     1.44975           0    1.44975    1.44975
{txt}rmse_O25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_O30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_O35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_O40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}
{com}.         
.         
.                         **********************************************
.                         *****                   Regressions : IHS               ******
.                         **********************************************
. 
.                 ** WEST **      
. forvalues i = 1(1)7 {c -(}   // loop over countries 
{txt}  2{com}.         forvalues q = 5(5)40 {c -(} // loop over directions 
{txt}  3{com}.         
.                 reghdfe  ihs_csd    ihs_L3_sd   ihs_W`q'_L3_sd                                                          if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  4{com}.                 estimates store ihs_W`q'
{txt}  5{com}.                 predict ihs_W`q'_`i', xb
{txt}  6{com}.                 gen err_W`q'_`i' =  ihs_csd - ihs_W`q'_`i'                                                                              if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt}  7{com}.                 replace v_e_`q' = err_W`q'_`i' if ccode == `i' // copy to empty vector 
{txt}  8{com}.                  /*check predictions 
>                 sum err_W`q'_`i' if ccode == 1 // 600
>                 sum err_W`q'_`i' // 4,200 
>                 */
.         {c )-}
{txt}  9{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.73
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8852
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8830
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1811
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8095

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2977626{col 26}{space 2} .0718779{col 37}{space 1}    4.14{col 46}{space 3}0.000{col 54}{space 4} .1533186{col 67}{space 3} .4422066
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .1507669{col 26}{space 2} .0488085{col 37}{space 1}    3.09{col 46}{space 3}0.003{col 54}{space 4} .0526826{col 67}{space 3} .2488511
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3539459{col 26}{space 2} .1482523{col 37}{space 1}    2.39{col 46}{space 3}0.021{col 54}{space 4} .0560218{col 67}{space 3} .6518699
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.07
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8852
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8830
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1814
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8094

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2922228{col 27}{space 2} .0722574{col 38}{space 1}    4.04{col 47}{space 3}0.000{col 55}{space 4}  .147016{col 68}{space 3} .4374296
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2} .1538528{col 27}{space 2} .0490784{col 38}{space 1}    3.13{col 47}{space 3}0.003{col 55}{space 4} .0552262{col 68}{space 3} .2524795
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3945679{col 27}{space 2} .1287947{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4} .1357452{col 68}{space 3} .6533906
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.78
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8846
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8824
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1772
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8114

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2918064{col 27}{space 2} .0730139{col 38}{space 1}    4.00{col 47}{space 3}0.000{col 55}{space 4} .1450795{col 68}{space 3} .4385334
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2} .1433947{col 27}{space 2} .0499994{col 38}{space 1}    2.87{col 47}{space 3}0.006{col 55}{space 4} .0429173{col 68}{space 3} .2438722
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4425089{col 27}{space 2} .1206267{col 38}{space 1}    3.67{col 47}{space 3}0.001{col 55}{space 4} .2001005{col 68}{space 3} .6849172
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.16
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1837
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8082

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2888954{col 27}{space 2} .0721797{col 38}{space 1}    4.00{col 47}{space 3}0.000{col 55}{space 4} .1438448{col 68}{space 3} .4339459
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .1702544{col 27}{space 2} .0576595{col 38}{space 1}    2.95{col 47}{space 3}0.005{col 55}{space 4} .0543833{col 68}{space 3} .2861255
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4182069{col 27}{space 2} .1250821{col 38}{space 1}    3.34{col 47}{space 3}0.002{col 55}{space 4}  .166845{col 68}{space 3} .6695687
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.11
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8864
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8842
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1901
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8050

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2848864{col 27}{space 2} .0715567{col 38}{space 1}    3.98{col 47}{space 3}0.000{col 55}{space 4} .1410878{col 68}{space 3}  .428685
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2}  .193911{col 27}{space 2} .0652702{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .0627456{col 68}{space 3} .3250765
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3904485{col 27}{space 2} .1335257{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .1221185{col 68}{space 3} .6587784
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.12
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8865
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8843
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1906
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8048

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2844888{col 27}{space 2}  .071454{col 38}{space 1}    3.98{col 47}{space 3}0.000{col 55}{space 4} .1408967{col 68}{space 3} .4280809
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1955949{col 27}{space 2} .0660054{col 38}{space 1}    2.96{col 47}{space 3}0.005{col 55}{space 4} .0629521{col 68}{space 3} .3282378
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3884292{col 27}{space 2} .1343572{col 38}{space 1}    2.89{col 47}{space 3}0.006{col 55}{space 4} .1184283{col 68}{space 3} .6584301
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8866
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1914
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8044

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2839555{col 27}{space 2} .0714726{col 38}{space 1}    3.97{col 47}{space 3}0.000{col 55}{space 4} .1403258{col 68}{space 3} .4275851
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2}  .197185{col 27}{space 2} .0665309{col 38}{space 1}    2.96{col 47}{space 3}0.005{col 55}{space 4} .0634861{col 68}{space 3} .3308839
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3869273{col 27}{space 2} .1347444{col 38}{space 1}    2.87{col 47}{space 3}0.006{col 55}{space 4} .1161484{col 68}{space 3} .6577062
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8866
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1914
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8044

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2839555{col 27}{space 2} .0714726{col 38}{space 1}    3.97{col 47}{space 3}0.000{col 55}{space 4} .1403258{col 68}{space 3} .4275851
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2}  .197185{col 27}{space 2} .0665309{col 38}{space 1}    2.96{col 47}{space 3}0.005{col 55}{space 4} .0634861{col 68}{space 3} .3308839
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3869273{col 27}{space 2} .1347444{col 38}{space 1}    2.87{col 47}{space 3}0.006{col 55}{space 4} .1161484{col 68}{space 3} .6577062
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      6.90
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0023
{txt}{col 51}R-squared{col 67}= {res}    0.8845
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8823
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1760
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7877

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3241204{col 26}{space 2} .0987651{col 37}{space 1}    3.28{col 46}{space 3}0.002{col 54}{space 4} .1256446{col 67}{space 3} .5225963
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .0922316{col 26}{space 2} .0365601{col 37}{space 1}    2.52{col 46}{space 3}0.015{col 54}{space 4} .0187613{col 67}{space 3} .1657019
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4247879{col 26}{space 2} .1397776{col 37}{space 1}    3.04{col 46}{space 3}0.004{col 54}{space 4} .1438943{col 67}{space 3} .7056816
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0009
{txt}{col 51}R-squared{col 67}= {res}    0.8847
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8825
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1774
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7870

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .320811{col 27}{space 2} .0994436{col 38}{space 1}    3.23{col 47}{space 3}0.002{col 55}{space 4} .1209717{col 68}{space 3} .5206503
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2}  .098103{col 27}{space 2}  .038187{col 38}{space 1}    2.57{col 47}{space 3}0.013{col 55}{space 4} .0213632{col 68}{space 3} .1748427
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4461221{col 27}{space 2} .1220464{col 38}{space 1}    3.66{col 47}{space 3}0.001{col 55}{space 4} .2008608{col 68}{space 3} .6913835
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.81
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8846
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8824
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1766
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7874

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3204513{col 27}{space 2}  .100599{col 38}{space 1}    3.19{col 47}{space 3}0.003{col 55}{space 4} .1182901{col 68}{space 3} .5226125
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2} .0925442{col 27}{space 2} .0376178{col 38}{space 1}    2.46{col 47}{space 3}0.017{col 55}{space 4} .0169485{col 68}{space 3} .1681399
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4736265{col 27}{space 2} .1094812{col 38}{space 1}    4.33{col 47}{space 3}0.000{col 55}{space 4} .2536158{col 68}{space 3} .6936373
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.05
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8852
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8830
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1810
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7853

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3193632{col 27}{space 2}  .099605{col 38}{space 1}    3.21{col 47}{space 3}0.002{col 55}{space 4} .1191995{col 68}{space 3} .5195269
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .1136963{col 27}{space 2} .0462576{col 38}{space 1}    2.46{col 47}{space 3}0.018{col 55}{space 4} .0207382{col 68}{space 3} .2066544
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4494686{col 27}{space 2} .1146399{col 38}{space 1}    3.92{col 47}{space 3}0.000{col 55}{space 4}  .219091{col 68}{space 3} .6798462
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0009
{txt}{col 51}R-squared{col 67}= {res}    0.8854
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8832
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1822
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7847

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3171891{col 27}{space 2}  .099032{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1181768{col 68}{space 3} .5162013
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2} .1287856{col 27}{space 2} .0553433{col 38}{space 1}    2.33{col 47}{space 3}0.024{col 55}{space 4} .0175691{col 68}{space 3} .2400021
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4346495{col 27}{space 2} .1277405{col 38}{space 1}    3.40{col 47}{space 3}0.001{col 55}{space 4} .1779453{col 68}{space 3} .6913536
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8854
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8832
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1825
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7846

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3166662{col 27}{space 2}  .098955{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1178086{col 68}{space 3} .5155238
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1310649{col 27}{space 2} .0569343{col 38}{space 1}    2.30{col 47}{space 3}0.026{col 55}{space 4} .0166512{col 68}{space 3} .2454786
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4321358{col 27}{space 2} .1295032{col 38}{space 1}    3.34{col 47}{space 3}0.002{col 55}{space 4} .1718893{col 68}{space 3} .6923823
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.02
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7844

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3164145{col 27}{space 2} .0989558{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1175554{col 68}{space 3} .5152737
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2} .1317461{col 27}{space 2} .0571192{col 38}{space 1}    2.31{col 47}{space 3}0.025{col 55}{space 4} .0169608{col 68}{space 3} .2465315
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4314767{col 27}{space 2}  .129389{col 38}{space 1}    3.33{col 47}{space 3}0.002{col 55}{space 4} .1714598{col 68}{space 3} .6914936
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.02
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7844

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3164145{col 27}{space 2} .0989558{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1175554{col 68}{space 3} .5152737
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2} .1317461{col 27}{space 2} .0571192{col 38}{space 1}    2.31{col 47}{space 3}0.025{col 55}{space 4} .0169608{col 68}{space 3} .2465315
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4314767{col 27}{space 2}  .129389{col 38}{space 1}    3.33{col 47}{space 3}0.002{col 55}{space 4} .1714598{col 68}{space 3} .6914936
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.64
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8848
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8826
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1876
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7692

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3333427{col 26}{space 2} .0701528{col 37}{space 1}    4.75{col 46}{space 3}0.000{col 54}{space 4} .1923655{col 67}{space 3}   .47432
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .1119807{col 26}{space 2} .0477478{col 37}{space 1}    2.35{col 46}{space 3}0.023{col 54}{space 4}  .016028{col 67}{space 3} .2079334
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3847091{col 26}{space 2}  .140844{col 37}{space 1}    2.73{col 46}{space 3}0.009{col 54}{space 4} .1016725{col 67}{space 3} .6677456
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.56
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8847
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8825
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1870
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7696

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3313666{col 27}{space 2} .0726266{col 38}{space 1}    4.56{col 47}{space 3}0.000{col 55}{space 4}  .185418{col 68}{space 3} .4773152
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2} .1118485{col 27}{space 2} .0469664{col 38}{space 1}    2.38{col 47}{space 3}0.021{col 55}{space 4} .0174661{col 68}{space 3}  .206231
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4190466{col 27}{space 2} .1109627{col 38}{space 1}    3.78{col 47}{space 3}0.000{col 55}{space 4} .1960587{col 68}{space 3} .6420344
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.79
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8845
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8822
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1853
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7703

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3321958{col 27}{space 2} .0730305{col 38}{space 1}    4.55{col 47}{space 3}0.000{col 55}{space 4} .1854355{col 68}{space 3} .4789562
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2}  .102613{col 27}{space 2} .0442951{col 38}{space 1}    2.32{col 47}{space 3}0.025{col 55}{space 4} .0135987{col 68}{space 3} .1916273
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4528268{col 27}{space 2} .0965487{col 38}{space 1}    4.69{col 47}{space 3}0.000{col 55}{space 4}  .258805{col 68}{space 3} .6468486
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     17.58
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1931
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7667

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3299977{col 27}{space 2} .0728421{col 38}{space 1}    4.53{col 47}{space 3}0.000{col 55}{space 4}  .183616{col 68}{space 3} .4763793
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .1365287{col 27}{space 2} .0557809{col 38}{space 1}    2.45{col 47}{space 3}0.018{col 55}{space 4} .0244328{col 68}{space 3} .2486247
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4065135{col 27}{space 2} .1073343{col 38}{space 1}    3.79{col 47}{space 3}0.000{col 55}{space 4} .1908172{col 68}{space 3} .6222098
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1944
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7660

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3280202{col 27}{space 2} .0732734{col 38}{space 1}    4.48{col 47}{space 3}0.000{col 55}{space 4} .1807718{col 68}{space 3} .4752687
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2} .1525507{col 27}{space 2} .0646128{col 38}{space 1}    2.36{col 47}{space 3}0.022{col 55}{space 4} .0227064{col 68}{space 3}  .282395
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3920775{col 27}{space 2} .1206686{col 38}{space 1}    3.25{col 47}{space 3}0.002{col 55}{space 4} .1495848{col 68}{space 3} .6345702
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.50
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1945
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7660

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3277128{col 27}{space 2} .0733011{col 38}{space 1}    4.47{col 47}{space 3}0.000{col 55}{space 4} .1804087{col 68}{space 3} .4750169
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1539262{col 27}{space 2} .0658441{col 38}{space 1}    2.34{col 47}{space 3}0.024{col 55}{space 4} .0216075{col 68}{space 3} .2862448
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3905801{col 27}{space 2} .1223861{col 38}{space 1}    3.19{col 47}{space 3}0.002{col 55}{space 4} .1446361{col 68}{space 3} .6365242
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1951
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7657

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3271564{col 27}{space 2} .0733875{col 38}{space 1}    4.46{col 47}{space 3}0.000{col 55}{space 4} .1796788{col 68}{space 3}  .474634
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2} .1557963{col 27}{space 2} .0665485{col 38}{space 1}    2.34{col 47}{space 3}0.023{col 55}{space 4}  .022062{col 68}{space 3} .2895306
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3884629{col 27}{space 2} .1228922{col 38}{space 1}    3.16{col 47}{space 3}0.003{col 55}{space 4} .1415018{col 68}{space 3}  .635424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1951
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7657

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3271564{col 27}{space 2} .0733875{col 38}{space 1}    4.46{col 47}{space 3}0.000{col 55}{space 4} .1796788{col 68}{space 3}  .474634
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2} .1557963{col 27}{space 2} .0665485{col 38}{space 1}    2.34{col 47}{space 3}0.023{col 55}{space 4}  .022062{col 68}{space 3} .2895306
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3884629{col 27}{space 2} .1228922{col 38}{space 1}    3.16{col 47}{space 3}0.003{col 55}{space 4} .1415018{col 68}{space 3}  .635424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.45
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0007
{txt}{col 51}R-squared{col 67}= {res}    0.8924
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8903
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1513
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7952

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2830062{col 26}{space 2} .0745252{col 37}{space 1}    3.80{col 46}{space 3}0.000{col 54}{space 4} .1332422{col 67}{space 3} .4327701
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .1126586{col 26}{space 2} .0436442{col 37}{space 1}    2.58{col 46}{space 3}0.013{col 54}{space 4} .0249523{col 67}{space 3}  .200365
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4476207{col 26}{space 2} .1531494{col 37}{space 1}    2.92{col 46}{space 3}0.005{col 54}{space 4} .1398554{col 67}{space 3}  .755386
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.27
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8924
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8904
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1517
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7951

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .276651{col 27}{space 2} .0773684{col 38}{space 1}    3.58{col 47}{space 3}0.001{col 55}{space 4} .1211735{col 68}{space 3} .4321286
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2}  .114276{col 27}{space 2} .0391178{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .0356659{col 68}{space 3} .1928861
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4884356{col 27}{space 2} .1193194{col 38}{space 1}    4.09{col 47}{space 3}0.000{col 55}{space 4} .2486544{col 68}{space 3} .7282169
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.36
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8924
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8903
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1515
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7951

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2759771{col 27}{space 2} .0780377{col 38}{space 1}    3.54{col 47}{space 3}0.001{col 55}{space 4} .1191546{col 68}{space 3} .4327997
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2} .1105241{col 27}{space 2} .0383187{col 38}{space 1}    2.88{col 47}{space 3}0.006{col 55}{space 4} .0335198{col 68}{space 3} .1875284
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5141284{col 27}{space 2} .1068772{col 38}{space 1}    4.81{col 47}{space 3}0.000{col 55}{space 4} .2993507{col 68}{space 3} .7289061
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8933
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8913
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1586
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7918

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2753759{col 27}{space 2} .0766099{col 38}{space 1}    3.59{col 47}{space 3}0.001{col 55}{space 4} .1214226{col 68}{space 3} .4293292
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .1384576{col 27}{space 2} .0483497{col 38}{space 1}    2.86{col 47}{space 3}0.006{col 55}{space 4} .0412952{col 68}{space 3} .2356199
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4748933{col 27}{space 2} .1152633{col 38}{space 1}    4.12{col 47}{space 3}0.000{col 55}{space 4} .2432629{col 68}{space 3} .7065236
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.70
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8936
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8916
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1609
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7907

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2725726{col 27}{space 2}  .076023{col 38}{space 1}    3.59{col 47}{space 3}0.001{col 55}{space 4} .1197988{col 68}{space 3} .4253465
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2} .1578809{col 27}{space 2} .0575889{col 38}{space 1}    2.74{col 47}{space 3}0.009{col 55}{space 4} .0421516{col 68}{space 3} .2736101
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4524579{col 27}{space 2} .1305464{col 38}{space 1}    3.47{col 47}{space 3}0.001{col 55}{space 4}  .190115{col 68}{space 3} .7148007
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.63
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8937
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8916
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1615
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7904

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2719601{col 27}{space 2}  .075939{col 38}{space 1}    3.58{col 47}{space 3}0.001{col 55}{space 4} .1193549{col 68}{space 3} .4245652
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1609621{col 27}{space 2} .0592409{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0419131{col 68}{space 3}  .280011
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4483057{col 27}{space 2} .1327713{col 38}{space 1}    3.38{col 47}{space 3}0.001{col 55}{space 4} .1814918{col 68}{space 3} .7151197
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8938
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8917
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1622
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7901

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2714793{col 27}{space 2} .0759582{col 38}{space 1}    3.57{col 47}{space 3}0.001{col 55}{space 4} .1188356{col 68}{space 3} .4241231
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2} .1626426{col 27}{space 2} .0597948{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0424805{col 68}{space 3} .2828048
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4462436{col 27}{space 2} .1331877{col 38}{space 1}    3.35{col 47}{space 3}0.002{col 55}{space 4}  .178593{col 68}{space 3} .7138942
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8938
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8917
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1622
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7901

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2714793{col 27}{space 2} .0759582{col 38}{space 1}    3.57{col 47}{space 3}0.001{col 55}{space 4} .1188356{col 68}{space 3} .4241231
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2} .1626426{col 27}{space 2} .0597948{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0424805{col 68}{space 3} .2828048
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4462436{col 27}{space 2} .1331877{col 38}{space 1}    3.35{col 47}{space 3}0.002{col 55}{space 4}  .178593{col 68}{space 3} .7138942
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.43
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8750
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8726
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1709
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8317

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3000288{col 26}{space 2} .0793361{col 37}{space 1}    3.78{col 46}{space 3}0.000{col 54}{space 4} .1405969{col 67}{space 3} .4594607
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .1328522{col 26}{space 2} .0455873{col 37}{space 1}    2.91{col 46}{space 3}0.005{col 54}{space 4} .0412411{col 67}{space 3} .2244633
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3553301{col 26}{space 2} .1521385{col 37}{space 1}    2.34{col 46}{space 3}0.024{col 54}{space 4} .0495964{col 67}{space 3} .6610638
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.31
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8753
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8729
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1735
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8304

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2927133{col 27}{space 2} .0800051{col 38}{space 1}    3.66{col 47}{space 3}0.001{col 55}{space 4}  .131937{col 68}{space 3} .4534897
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2} .1443739{col 27}{space 2} .0498037{col 38}{space 1}    2.90{col 47}{space 3}0.006{col 55}{space 4} .0442896{col 68}{space 3} .2444583
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3794141{col 27}{space 2} .1384776{col 38}{space 1}    2.74{col 47}{space 3}0.009{col 55}{space 4}  .101133{col 68}{space 3} .6576953
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.58
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8749
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8725
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1707
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8318

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2949759{col 27}{space 2} .0805407{col 38}{space 1}    3.66{col 47}{space 3}0.001{col 55}{space 4} .1331232{col 68}{space 3} .4568285
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2} .1325382{col 27}{space 2} .0476622{col 38}{space 1}    2.78{col 47}{space 3}0.008{col 55}{space 4} .0367573{col 68}{space 3}  .228319
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4254678{col 27}{space 2} .1248271{col 38}{space 1}    3.41{col 47}{space 3}0.001{col 55}{space 4} .1746183{col 68}{space 3} .6763172
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.46
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8737
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1785
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8279

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2927803{col 27}{space 2}  .079371{col 38}{space 1}    3.69{col 47}{space 3}0.001{col 55}{space 4} .1332784{col 68}{space 3} .4522822
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .1611037{col 27}{space 2} .0561082{col 38}{space 1}    2.87{col 47}{space 3}0.006{col 55}{space 4}   .04835{col 68}{space 3} .2738574
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3931428{col 27}{space 2} .1286728{col 38}{space 1}    3.06{col 47}{space 3}0.004{col 55}{space 4}  .134565{col 68}{space 3} .6517205
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.56
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8765
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8742
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1814
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8264

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2898172{col 27}{space 2} .0786493{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1317656{col 68}{space 3} .4478688
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2} .1821838{col 27}{space 2} .0656064{col 38}{space 1}    2.78{col 47}{space 3}0.008{col 55}{space 4} .0503428{col 68}{space 3} .3140249
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3699052{col 27}{space 2} .1429682{col 38}{space 1}    2.59{col 47}{space 3}0.013{col 55}{space 4} .0825999{col 68}{space 3} .6572105
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.50
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8766
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8743
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1821
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8260

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2892186{col 27}{space 2} .0785151{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1314367{col 68}{space 3} .4470005
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1855197{col 27}{space 2} .0673438{col 38}{space 1}    2.75{col 47}{space 3}0.008{col 55}{space 4} .0501872{col 68}{space 3} .3208521
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3657423{col 27}{space 2} .1452337{col 38}{space 1}    2.52{col 47}{space 3}0.015{col 55}{space 4} .0738842{col 68}{space 3} .6576003
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8767
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8744
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8257

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2887548{col 27}{space 2} .0785325{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1309379{col 68}{space 3} .4465717
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2} .1871147{col 27}{space 2} .0678413{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0507824{col 68}{space 3} .3234469
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3640932{col 27}{space 2} .1455176{col 38}{space 1}    2.50{col 47}{space 3}0.016{col 55}{space 4} .0716645{col 68}{space 3} .6565218
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8767
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8744
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8257

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2887548{col 27}{space 2} .0785325{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1309379{col 68}{space 3} .4465717
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2} .1871147{col 27}{space 2} .0678413{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0507824{col 68}{space 3} .3234469
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3640932{col 27}{space 2} .1455176{col 38}{space 1}    2.50{col 47}{space 3}0.016{col 55}{space 4} .0716645{col 68}{space 3} .6565218
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1491
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7503

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2827777{col 26}{space 2} .0752363{col 37}{space 1}    3.76{col 46}{space 3}0.000{col 54}{space 4} .1315847{col 67}{space 3} .4339706
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .1360707{col 26}{space 2} .0436602{col 37}{space 1}    3.12{col 46}{space 3}0.003{col 54}{space 4} .0483323{col 67}{space 3} .2238091
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3383362{col 26}{space 2} .1294238{col 37}{space 1}    2.61{col 46}{space 3}0.012{col 54}{space 4} .0782493{col 67}{space 3} .5984231
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.68
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8850
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8828
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1451
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7521

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2720533{col 27}{space 2} .0742481{col 38}{space 1}    3.66{col 47}{space 3}0.001{col 55}{space 4} .1228462{col 68}{space 3} .4212603
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2}  .131736{col 27}{space 2}  .045186{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .0409313{col 68}{space 3} .2225406
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4023849{col 27}{space 2} .1163712{col 38}{space 1}    3.46{col 47}{space 3}0.001{col 55}{space 4} .1685281{col 68}{space 3} .6362416
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.26
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8842
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8819
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1390
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7548

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2758361{col 27}{space 2} .0753841{col 38}{space 1}    3.66{col 47}{space 3}0.001{col 55}{space 4} .1243462{col 68}{space 3} .4273261
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2} .1166704{col 27}{space 2} .0443529{col 38}{space 1}    2.63{col 47}{space 3}0.011{col 55}{space 4}   .02754{col 68}{space 3} .2058009
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4467146{col 27}{space 2} .1087393{col 38}{space 1}    4.11{col 47}{space 3}0.000{col 55}{space 4} .2281949{col 68}{space 3} .6652344
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.25
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8850
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8828
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1450
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7521

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .275482{col 27}{space 2} .0741331{col 38}{space 1}    3.72{col 47}{space 3}0.001{col 55}{space 4}  .126506{col 68}{space 3}  .424458
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .1411522{col 27}{space 2} .0539849{col 38}{space 1}    2.61{col 47}{space 3}0.012{col 55}{space 4} .0326656{col 68}{space 3} .2496389
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4204011{col 27}{space 2} .1133084{col 38}{space 1}    3.71{col 47}{space 3}0.001{col 55}{space 4} .1926995{col 68}{space 3} .6481028
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.80
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1488
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7504

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2715759{col 27}{space 2} .0727841{col 38}{space 1}    3.73{col 47}{space 3}0.000{col 55}{space 4} .1253108{col 68}{space 3} .4178409
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2} .1588961{col 27}{space 2} .0609152{col 38}{space 1}    2.61{col 47}{space 3}0.012{col 55}{space 4} .0364824{col 68}{space 3} .2813098
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4076481{col 27}{space 2} .1205971{col 38}{space 1}    3.38{col 47}{space 3}0.001{col 55}{space 4} .1652991{col 68}{space 3}  .649997
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1495
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7501

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2707067{col 27}{space 2} .0725724{col 38}{space 1}    3.73{col 47}{space 3}0.000{col 55}{space 4} .1248671{col 68}{space 3} .4165463
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1621033{col 27}{space 2} .0625936{col 38}{space 1}    2.59{col 47}{space 3}0.013{col 55}{space 4} .0363168{col 68}{space 3} .2878897
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}   .40407{col 27}{space 2}  .122531{col 38}{space 1}    3.30{col 47}{space 3}0.002{col 55}{space 4} .1578346{col 68}{space 3} .6503053
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1499
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7500

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2704708{col 27}{space 2}   .07258{col 38}{space 1}    3.73{col 47}{space 3}0.001{col 55}{space 4} .1246159{col 68}{space 3} .4163257
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2} .1628244{col 27}{space 2} .0627836{col 38}{space 1}    2.59{col 47}{space 3}0.012{col 55}{space 4}  .036656{col 68}{space 3} .2889929
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4033773{col 27}{space 2} .1226944{col 38}{space 1}    3.29{col 47}{space 3}0.002{col 55}{space 4} .1568137{col 68}{space 3}  .649941
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1499
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7500

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2704708{col 27}{space 2}   .07258{col 38}{space 1}    3.73{col 47}{space 3}0.001{col 55}{space 4} .1246159{col 68}{space 3} .4163257
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2} .1628244{col 27}{space 2} .0627836{col 38}{space 1}    2.59{col 47}{space 3}0.012{col 55}{space 4}  .036656{col 68}{space 3} .2889929
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4033773{col 27}{space 2} .1226944{col 38}{space 1}    3.29{col 47}{space 3}0.002{col 55}{space 4} .1568137{col 68}{space 3}  .649941
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.80
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0291
{txt}{col 51}R-squared{col 67}= {res}    0.9142
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9126
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0932
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7180

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2046549{col 26}{space 2} .0929694{col 37}{space 1}    2.20{col 46}{space 3}0.032{col 54}{space 4} .0178259{col 67}{space 3} .3914839
{txt}ihs_W5_L3_sd {c |}{col 14}{res}{space 2} .0739659{col 26}{space 2} .0330012{col 37}{space 1}    2.24{col 46}{space 3}0.030{col 54}{space 4} .0076475{col 67}{space 3} .1402842
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6644496{col 26}{space 2} .1434068{col 37}{space 1}    4.63{col 46}{space 3}0.000{col 54}{space 4} .3762629{col 67}{space 3} .9526364
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.81
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0289
{txt}{col 51}R-squared{col 67}= {res}    0.9142
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9125
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0927
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7182

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2010088{col 27}{space 2} .0921951{col 38}{space 1}    2.18{col 47}{space 3}0.034{col 55}{space 4} .0157357{col 68}{space 3} .3862818
{txt}ihs_W10_L3_sd {c |}{col 15}{res}{space 2} .0736235{col 27}{space 2} .0333229{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0066586{col 68}{space 3} .1405883
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6930191{col 27}{space 2} .1330196{col 38}{space 1}    5.21{col 47}{space 3}0.000{col 55}{space 4} .4257063{col 68}{space 3} .9603319
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.26
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0197
{txt}{col 51}R-squared{col 67}= {res}    0.9143
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9127
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0941
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7176

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1989931{col 27}{space 2} .0922789{col 38}{space 1}    2.16{col 47}{space 3}0.036{col 55}{space 4} .0135516{col 68}{space 3} .3844346
{txt}ihs_W15_L3_sd {c |}{col 15}{res}{space 2} .0750689{col 27}{space 2}   .03314{col 38}{space 1}    2.27{col 47}{space 3}0.028{col 55}{space 4} .0084716{col 68}{space 3} .1416662
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .7034572{col 27}{space 2} .1227148{col 38}{space 1}    5.73{col 47}{space 3}0.000{col 55}{space 4} .4568524{col 68}{space 3} .9500619
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.60
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0148
{txt}{col 51}R-squared{col 67}= {res}    0.9148
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9132
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0997
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7153

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1980828{col 27}{space 2} .0909118{col 38}{space 1}    2.18{col 47}{space 3}0.034{col 55}{space 4} .0153887{col 68}{space 3} .3807768
{txt}ihs_W20_L3_sd {c |}{col 15}{res}{space 2} .0974979{col 27}{space 2}  .039588{col 38}{space 1}    2.46{col 47}{space 3}0.017{col 55}{space 4} .0179428{col 68}{space 3}  .177053
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6685558{col 27}{space 2} .1295834{col 38}{space 1}    5.16{col 47}{space 3}0.000{col 55}{space 4} .4081483{col 68}{space 3} .9289633
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.76
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0302
{txt}{col 51}R-squared{col 67}= {res}    0.9146
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9130
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0976
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7162

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .198469{col 27}{space 2} .0904747{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0166533{col 68}{space 3} .3802847
{txt}ihs_W25_L3_sd {c |}{col 15}{res}{space 2} .1015079{col 27}{space 2} .0464335{col 38}{space 1}    2.19{col 47}{space 3}0.034{col 55}{space 4} .0081963{col 68}{space 3} .1948195
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6706509{col 27}{space 2}  .142024{col 38}{space 1}    4.72{col 47}{space 3}0.000{col 55}{space 4} .3852431{col 68}{space 3} .9560588
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.72
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0313
{txt}{col 51}R-squared{col 67}= {res}    0.9146
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9130
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0977
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7162

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1982864{col 27}{space 2} .0903806{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0166598{col 68}{space 3}  .379913
{txt}ihs_W30_L3_sd {c |}{col 15}{res}{space 2} .1028183{col 27}{space 2} .0475625{col 38}{space 1}    2.16{col 47}{space 3}0.036{col 55}{space 4} .0072378{col 68}{space 3} .1983988
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6691036{col 27}{space 2} .1435071{col 38}{space 1}    4.66{col 47}{space 3}0.000{col 55}{space 4} .3807153{col 68}{space 3} .9574919
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0304
{txt}{col 51}R-squared{col 67}= {res}    0.9147
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9131
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0981
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7160

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1979905{col 27}{space 2} .0903643{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0163966{col 68}{space 3} .3795844
{txt}ihs_W35_L3_sd {c |}{col 15}{res}{space 2} .1042987{col 27}{space 2} .0479966{col 38}{space 1}    2.17{col 47}{space 3}0.035{col 55}{space 4}  .007846{col 68}{space 3} .2007515
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6669672{col 27}{space 2} .1435952{col 38}{space 1}    4.64{col 47}{space 3}0.000{col 55}{space 4} .3784018{col 68}{space 3} .9555325
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0304
{txt}{col 51}R-squared{col 67}= {res}    0.9147
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9131
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0981
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7160

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1979905{col 27}{space 2} .0903643{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0163966{col 68}{space 3} .3795844
{txt}ihs_W40_L3_sd {c |}{col 15}{res}{space 2} .1042987{col 27}{space 2} .0479966{col 38}{space 1}    2.17{col 47}{space 3}0.035{col 55}{space 4}  .007846{col 68}{space 3} .2007515
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6669672{col 27}{space 2} .1435952{col 38}{space 1}    4.64{col 47}{space 3}0.000{col 55}{space 4} .3784018{col 68}{space 3} .9555325
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)

{com}. 
.         ** Calculate rmse **
.         
. forvalues q = 5(5)40 {c -(} 
{txt}  2{com}.         gen rmse_W`q'_ihs = . 
{txt}  3{com}.         egen aux_rmse_`q' = sum(v_e_`q'^2) if v_e_`q' != .  // empty vector rmse
{txt}  4{com}.         replace rmse_W`q'_ihs = (aux_rmse_`q'/4200)^0.5 
{txt}  5{com}.         
.         replace v_e_`q' = . 
{txt}  6{com}. {c )-}
{txt}(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)

{com}. 
. quietly drop aux_rmse_* err_W*
{txt}
{com}. 
. 
.                 ** EAST **      
. forvalues i = 1(1)7 {c -(}   // loop over countries 
{txt}  2{com}.         forvalues q = 5(5)40 {c -(} // loop over directions 
{txt}  3{com}.         
.                 reghdfe  ihs_csd    ihs_L3_sd   ihs_O`q'_L3_sd                                                          if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  4{com}.                 estimates store ihs_O`q'
{txt}  5{com}.                 predict ihs_O`q'_`i', xb
{txt}  6{com}.                 gen err_O`q'_`i' =  ihs_csd - ihs_O`q'_`i'                                                                              if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt}  7{com}.                 replace v_e_`q' = err_O`q'_`i' if ccode == `i' // copy to empty vector 
{txt}  8{com}.                  /*check predictions 
>                 sum err_O`q'_`i' if ccode == 1 // 600
>                 sum err_O`q'_`i' // 4,200 
>                 */
.         {c )-}
{txt}  9{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.80
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8836
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8814
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1700
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8150

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2999124{col 26}{space 2} .0747387{col 37}{space 1}    4.01{col 46}{space 3}0.000{col 54}{space 4} .1497195{col 67}{space 3} .4501054
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2} .1549761{col 26}{space 2} .0631845{col 37}{space 1}    2.45{col 46}{space 3}0.018{col 54}{space 4} .0280021{col 67}{space 3}   .28195
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4040911{col 26}{space 2}  .147331{col 37}{space 1}    2.74{col 46}{space 3}0.008{col 54}{space 4} .1080183{col 67}{space 3} .7001639
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.17
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8840
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8818
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1729
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8136

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2922904{col 27}{space 2} .0694718{col 38}{space 1}    4.21{col 47}{space 3}0.000{col 55}{space 4} .1526816{col 68}{space 3} .4318992
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2}  .143585{col 27}{space 2} .0548506{col 38}{space 1}    2.62{col 47}{space 3}0.012{col 55}{space 4} .0333585{col 68}{space 3} .2538115
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4421382{col 27}{space 2} .1370173{col 38}{space 1}    3.23{col 47}{space 3}0.002{col 55}{space 4} .1667917{col 68}{space 3} .7174847
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8833
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8810
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1677
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8161

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2924909{col 27}{space 2} .0714037{col 38}{space 1}    4.10{col 47}{space 3}0.000{col 55}{space 4} .1489999{col 68}{space 3} .4359819
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2} .1316552{col 27}{space 2} .0519736{col 38}{space 1}    2.53{col 47}{space 3}0.015{col 55}{space 4} .0272104{col 68}{space 3} .2361001
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4797999{col 27}{space 2} .1247127{col 38}{space 1}    3.85{col 47}{space 3}0.000{col 55}{space 4} .2291803{col 68}{space 3} .7304194
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.14
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1833
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8084

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2875341{col 27}{space 2} .0721623{col 38}{space 1}    3.98{col 47}{space 3}0.000{col 55}{space 4} .1425186{col 68}{space 3} .4325496
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2} .1703512{col 27}{space 2} .0586239{col 38}{space 1}    2.91{col 47}{space 3}0.005{col 55}{space 4}  .052542{col 68}{space 3} .2881603
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4182039{col 27}{space 2}  .126134{col 38}{space 1}    3.32{col 47}{space 3}0.002{col 55}{space 4} .1647283{col 68}{space 3} .6716796
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.11
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8864
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8842
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1901
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8050

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2848864{col 27}{space 2} .0715567{col 38}{space 1}    3.98{col 47}{space 3}0.000{col 55}{space 4} .1410878{col 68}{space 3}  .428685
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2}  .193911{col 27}{space 2} .0652702{col 38}{space 1}    2.97{col 47}{space 3}0.005{col 55}{space 4} .0627456{col 68}{space 3} .3250765
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3904485{col 27}{space 2} .1335257{col 38}{space 1}    2.92{col 47}{space 3}0.005{col 55}{space 4} .1221185{col 68}{space 3} .6587784
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.12
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8865
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8843
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1906
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8048

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2844888{col 27}{space 2}  .071454{col 38}{space 1}    3.98{col 47}{space 3}0.000{col 55}{space 4} .1408967{col 68}{space 3} .4280809
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1955949{col 27}{space 2} .0660054{col 38}{space 1}    2.96{col 47}{space 3}0.005{col 55}{space 4} .0629521{col 68}{space 3} .3282378
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3884292{col 27}{space 2} .1343572{col 38}{space 1}    2.89{col 47}{space 3}0.006{col 55}{space 4} .1184283{col 68}{space 3} .6584301
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8866
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1914
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8044

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2839555{col 27}{space 2} .0714726{col 38}{space 1}    3.97{col 47}{space 3}0.000{col 55}{space 4} .1403258{col 68}{space 3} .4275851
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2}  .197185{col 27}{space 2} .0665309{col 38}{space 1}    2.96{col 47}{space 3}0.005{col 55}{space 4} .0634861{col 68}{space 3} .3308839
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3869273{col 27}{space 2} .1347444{col 38}{space 1}    2.87{col 47}{space 3}0.006{col 55}{space 4} .1161484{col 68}{space 3} .6577062
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8866
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1914
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8044

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2839555{col 27}{space 2} .0714726{col 38}{space 1}    3.97{col 47}{space 3}0.000{col 55}{space 4} .1403258{col 68}{space 3} .4275851
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2}  .197185{col 27}{space 2} .0665309{col 38}{space 1}    2.96{col 47}{space 3}0.005{col 55}{space 4} .0634861{col 68}{space 3} .3308839
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3869273{col 27}{space 2} .1347444{col 38}{space 1}    2.87{col 47}{space 3}0.006{col 55}{space 4} .1161484{col 68}{space 3} .6577062
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.71
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0012
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1835
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7841

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3215052{col 26}{space 2} .1013249{col 37}{space 1}    3.17{col 46}{space 3}0.003{col 54}{space 4} .1178853{col 67}{space 3} .5251251
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2} .1358817{col 26}{space 2} .0602999{col 37}{space 1}    2.25{col 46}{space 3}0.029{col 54}{space 4} .0147046{col 67}{space 3} .2570588
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3753096{col 26}{space 2} .1518261{col 37}{space 1}    2.47{col 46}{space 3}0.017{col 54}{space 4} .0702036{col 67}{space 3} .6804155
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      6.49
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0032
{txt}{col 51}R-squared{col 67}= {res}    0.8842
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8819
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1735
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7889

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3210698{col 27}{space 2} .0974369{col 38}{space 1}    3.30{col 47}{space 3}0.002{col 55}{space 4} .1252629{col 68}{space 3} .5168767
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2} .0933165{col 27}{space 2} .0474013{col 38}{space 1}    1.97{col 47}{space 3}0.055{col 55}{space 4}-.0019399{col 68}{space 3} .1885729
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4723364{col 27}{space 2} .1363828{col 38}{space 1}    3.46{col 47}{space 3}0.001{col 55}{space 4} .1982649{col 68}{space 3} .7464079
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.04
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0021
{txt}{col 51}R-squared{col 67}= {res}    0.8838
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8816
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1708
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7902

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3215135{col 27}{space 2} .0999215{col 38}{space 1}    3.22{col 47}{space 3}0.002{col 55}{space 4} .1207138{col 68}{space 3} .5223132
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2} .0806563{col 27}{space 2} .0418985{col 38}{space 1}    1.93{col 47}{space 3}0.060{col 55}{space 4}-.0035419{col 68}{space 3} .1648546
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .5043571{col 27}{space 2} .1172677{col 38}{space 1}    4.30{col 47}{space 3}0.000{col 55}{space 4} .2686988{col 68}{space 3} .7400154
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8853
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8831
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1812
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7852

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .318216{col 27}{space 2} .0994711{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1183214{col 68}{space 3} .5181106
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2}  .114762{col 27}{space 2} .0465441{col 38}{space 1}    2.47{col 47}{space 3}0.017{col 55}{space 4} .0212281{col 68}{space 3}  .208296
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4477552{col 27}{space 2} .1150088{col 38}{space 1}    3.89{col 47}{space 3}0.000{col 55}{space 4} .2166363{col 68}{space 3} .6788741
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0009
{txt}{col 51}R-squared{col 67}= {res}    0.8854
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8832
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1822
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7847

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3171891{col 27}{space 2}  .099032{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1181768{col 68}{space 3} .5162013
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2} .1287856{col 27}{space 2} .0553433{col 38}{space 1}    2.33{col 47}{space 3}0.024{col 55}{space 4} .0175691{col 68}{space 3} .2400021
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4346495{col 27}{space 2} .1277405{col 38}{space 1}    3.40{col 47}{space 3}0.001{col 55}{space 4} .1779453{col 68}{space 3} .6913536
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8854
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8832
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1825
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7846

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3166662{col 27}{space 2}  .098955{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1178086{col 68}{space 3} .5155238
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1310649{col 27}{space 2} .0569343{col 38}{space 1}    2.30{col 47}{space 3}0.026{col 55}{space 4} .0166512{col 68}{space 3} .2454786
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4321358{col 27}{space 2} .1295032{col 38}{space 1}    3.34{col 47}{space 3}0.002{col 55}{space 4} .1718893{col 68}{space 3} .6923823
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.02
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7844

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3164145{col 27}{space 2} .0989558{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1175554{col 68}{space 3} .5152737
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2} .1317461{col 27}{space 2} .0571192{col 38}{space 1}    2.31{col 47}{space 3}0.025{col 55}{space 4} .0169608{col 68}{space 3} .2465315
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4314767{col 27}{space 2}  .129389{col 38}{space 1}    3.33{col 47}{space 3}0.002{col 55}{space 4} .1714598{col 68}{space 3} .6914936
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.02
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7844

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3164145{col 27}{space 2} .0989558{col 38}{space 1}    3.20{col 47}{space 3}0.002{col 55}{space 4} .1175554{col 68}{space 3} .5152737
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2} .1317461{col 27}{space 2} .0571192{col 38}{space 1}    2.31{col 47}{space 3}0.025{col 55}{space 4} .0169608{col 68}{space 3} .2465315
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4314767{col 27}{space 2}  .129389{col 38}{space 1}    3.33{col 47}{space 3}0.002{col 55}{space 4} .1714598{col 68}{space 3} .6914936
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     16.10
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8865
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1999
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7634

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3323722{col 26}{space 2} .0715038{col 37}{space 1}    4.65{col 46}{space 3}0.000{col 54}{space 4}   .18868{col 67}{space 3} .4760644
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2} .1772545{col 26}{space 2} .0717886{col 37}{space 1}    2.47{col 46}{space 3}0.017{col 54}{space 4} .0329899{col 67}{space 3}  .321519
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2990911{col 26}{space 2} .1506507{col 37}{space 1}    1.99{col 46}{space 3}0.053{col 54}{space 4}-.0036529{col 67}{space 3}  .601835
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.51
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8850
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8828
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1893
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7684

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3298848{col 27}{space 2} .0714538{col 38}{space 1}    4.62{col 47}{space 3}0.000{col 55}{space 4}  .186293{col 68}{space 3} .4734765
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2} .1300502{col 27}{space 2} .0612052{col 38}{space 1}    2.12{col 47}{space 3}0.039{col 55}{space 4} .0070537{col 68}{space 3} .2530467
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4031353{col 27}{space 2} .1304167{col 38}{space 1}    3.09{col 47}{space 3}0.003{col 55}{space 4} .1410532{col 68}{space 3} .6652174
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.64
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8843
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8821
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1842
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7708

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3311626{col 27}{space 2} .0725469{col 38}{space 1}    4.56{col 47}{space 3}0.000{col 55}{space 4} .1853742{col 68}{space 3}  .476951
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2} .1100608{col 27}{space 2} .0526406{col 38}{space 1}    2.09{col 47}{space 3}0.042{col 55}{space 4} .0042755{col 68}{space 3} .2158461
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4489013{col 27}{space 2} .1075765{col 38}{space 1}    4.17{col 47}{space 3}0.000{col 55}{space 4} .2327181{col 68}{space 3} .6650845
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     17.48
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1926
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7669

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3286474{col 27}{space 2} .0731257{col 38}{space 1}    4.49{col 47}{space 3}0.000{col 55}{space 4} .1816959{col 68}{space 3}  .475599
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2} .1366959{col 27}{space 2} .0569906{col 38}{space 1}    2.40{col 47}{space 3}0.020{col 55}{space 4}  .022169{col 68}{space 3} .2512229
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4065345{col 27}{space 2} .1088087{col 38}{space 1}    3.74{col 47}{space 3}0.000{col 55}{space 4} .1878753{col 68}{space 3} .6251937
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1944
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7660

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3280202{col 27}{space 2} .0732734{col 38}{space 1}    4.48{col 47}{space 3}0.000{col 55}{space 4} .1807718{col 68}{space 3} .4752687
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2} .1525507{col 27}{space 2} .0646128{col 38}{space 1}    2.36{col 47}{space 3}0.022{col 55}{space 4} .0227064{col 68}{space 3}  .282395
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3920775{col 27}{space 2} .1206686{col 38}{space 1}    3.25{col 47}{space 3}0.002{col 55}{space 4} .1495848{col 68}{space 3} .6345702
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.50
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1945
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7660

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3277128{col 27}{space 2} .0733011{col 38}{space 1}    4.47{col 47}{space 3}0.000{col 55}{space 4} .1804087{col 68}{space 3} .4750169
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1539262{col 27}{space 2} .0658441{col 38}{space 1}    2.34{col 47}{space 3}0.024{col 55}{space 4} .0216075{col 68}{space 3} .2862448
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3905801{col 27}{space 2} .1223861{col 38}{space 1}    3.19{col 47}{space 3}0.002{col 55}{space 4} .1446361{col 68}{space 3} .6365242
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1951
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7657

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3271564{col 27}{space 2} .0733875{col 38}{space 1}    4.46{col 47}{space 3}0.000{col 55}{space 4} .1796788{col 68}{space 3}  .474634
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2} .1557963{col 27}{space 2} .0665485{col 38}{space 1}    2.34{col 47}{space 3}0.023{col 55}{space 4}  .022062{col 68}{space 3} .2895306
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3884629{col 27}{space 2} .1228922{col 38}{space 1}    3.16{col 47}{space 3}0.003{col 55}{space 4} .1415018{col 68}{space 3}  .635424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1951
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7657

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .3271564{col 27}{space 2} .0733875{col 38}{space 1}    4.46{col 47}{space 3}0.000{col 55}{space 4} .1796788{col 68}{space 3}  .474634
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2} .1557963{col 27}{space 2} .0665485{col 38}{space 1}    2.34{col 47}{space 3}0.023{col 55}{space 4}  .022062{col 68}{space 3} .2895306
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3884629{col 27}{space 2} .1228922{col 38}{space 1}    3.16{col 47}{space 3}0.003{col 55}{space 4} .1415018{col 68}{space 3}  .635424
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.99
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8929
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8908
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1551
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7934

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2851335{col 26}{space 2} .0766744{col 37}{space 1}    3.72{col 46}{space 3}0.001{col 54}{space 4} .1310504{col 67}{space 3} .4392165
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2}  .155347{col 26}{space 2} .0653813{col 37}{space 1}    2.38{col 46}{space 3}0.021{col 54}{space 4} .0239583{col 67}{space 3} .2867356
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3993724{col 26}{space 2}  .163021{col 37}{space 1}    2.45{col 46}{space 3}0.018{col 54}{space 4} .0717694{col 67}{space 3} .7269754
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.97
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8920
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8899
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1479
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7968

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2764299{col 27}{space 2}  .073412{col 38}{space 1}    3.77{col 47}{space 3}0.000{col 55}{space 4} .1289029{col 68}{space 3} .4239568
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2} .1157396{col 27}{space 2} .0468319{col 38}{space 1}    2.47{col 47}{space 3}0.017{col 55}{space 4} .0216274{col 68}{space 3} .2098518
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .506088{col 27}{space 2} .1312662{col 38}{space 1}    3.86{col 47}{space 3}0.000{col 55}{space 4} .2422986{col 68}{space 3} .7698773
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.69
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8915
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8894
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1446
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7984

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2778927{col 27}{space 2} .0759093{col 38}{space 1}    3.66{col 47}{space 3}0.001{col 55}{space 4} .1253472{col 68}{space 3} .4304382
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2} .1028683{col 27}{space 2} .0412621{col 38}{space 1}    2.49{col 47}{space 3}0.016{col 55}{space 4} .0199489{col 68}{space 3} .1857876
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .539257{col 27}{space 2} .1132922{col 38}{space 1}    4.76{col 47}{space 3}0.000{col 55}{space 4} .3115879{col 68}{space 3} .7669261
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.92
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8933
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8913
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1587
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7918

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2743142{col 27}{space 2} .0763848{col 38}{space 1}    3.59{col 47}{space 3}0.001{col 55}{space 4} .1208133{col 68}{space 3} .4278152
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2} .1392324{col 27}{space 2} .0494162{col 38}{space 1}    2.82{col 47}{space 3}0.007{col 55}{space 4} .0399268{col 68}{space 3} .2385379
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4734242{col 27}{space 2} .1167233{col 38}{space 1}    4.06{col 47}{space 3}0.000{col 55}{space 4} .2388598{col 68}{space 3} .7079885
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.70
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8936
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8916
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1609
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7907

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2725726{col 27}{space 2}  .076023{col 38}{space 1}    3.59{col 47}{space 3}0.001{col 55}{space 4} .1197988{col 68}{space 3} .4253465
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2} .1578809{col 27}{space 2} .0575889{col 38}{space 1}    2.74{col 47}{space 3}0.009{col 55}{space 4} .0421516{col 68}{space 3} .2736101
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4524579{col 27}{space 2} .1305464{col 38}{space 1}    3.47{col 47}{space 3}0.001{col 55}{space 4}  .190115{col 68}{space 3} .7148007
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.63
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8937
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8916
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1615
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7904

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2719601{col 27}{space 2}  .075939{col 38}{space 1}    3.58{col 47}{space 3}0.001{col 55}{space 4} .1193549{col 68}{space 3} .4245652
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1609621{col 27}{space 2} .0592409{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0419131{col 68}{space 3}  .280011
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4483057{col 27}{space 2} .1327713{col 38}{space 1}    3.38{col 47}{space 3}0.001{col 55}{space 4} .1814918{col 68}{space 3} .7151197
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8938
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8917
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1622
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7901

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2714793{col 27}{space 2} .0759582{col 38}{space 1}    3.57{col 47}{space 3}0.001{col 55}{space 4} .1188356{col 68}{space 3} .4241231
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2} .1626426{col 27}{space 2} .0597948{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0424805{col 68}{space 3} .2828048
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4462436{col 27}{space 2} .1331877{col 38}{space 1}    3.35{col 47}{space 3}0.002{col 55}{space 4}  .178593{col 68}{space 3} .7138942
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8938
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8917
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1622
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7901

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2714793{col 27}{space 2} .0759582{col 38}{space 1}    3.57{col 47}{space 3}0.001{col 55}{space 4} .1188356{col 68}{space 3} .4241231
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2} .1626426{col 27}{space 2} .0597948{col 38}{space 1}    2.72{col 47}{space 3}0.009{col 55}{space 4} .0424805{col 68}{space 3} .2828048
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4462436{col 27}{space 2} .1331877{col 38}{space 1}    3.35{col 47}{space 3}0.002{col 55}{space 4}  .178593{col 68}{space 3} .7138942
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.51
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8751
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8726
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1716
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8314

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2967928{col 26}{space 2} .0811044{col 37}{space 1}    3.66{col 46}{space 3}0.001{col 54}{space 4} .1338075{col 67}{space 3} .4597781
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2} .1682575{col 26}{space 2} .0666277{col 37}{space 1}    2.53{col 46}{space 3}0.015{col 54}{space 4} .0343641{col 67}{space 3} .3021509
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3418579{col 26}{space 2}   .15791{col 37}{space 1}    2.16{col 46}{space 3}0.035{col 54}{space 4} .0245259{col 67}{space 3} .6591899
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.02
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8745
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8721
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1680
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8331

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2947721{col 27}{space 2}  .076636{col 38}{space 1}    3.85{col 47}{space 3}0.000{col 55}{space 4} .1407663{col 68}{space 3} .4487779
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2} .1411182{col 27}{space 2} .0603955{col 38}{space 1}    2.34{col 47}{space 3}0.024{col 55}{space 4} .0197489{col 68}{space 3} .2624874
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4111385{col 27}{space 2} .1533736{col 38}{space 1}    2.68{col 47}{space 3}0.010{col 55}{space 4} .1029226{col 68}{space 3} .7193544
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.26
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8739
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8714
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1638
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8353

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2950716{col 27}{space 2} .0786864{col 38}{space 1}    3.75{col 47}{space 3}0.000{col 55}{space 4} .1369454{col 68}{space 3} .4531978
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2} .1261007{col 27}{space 2} .0528123{col 38}{space 1}    2.39{col 47}{space 3}0.021{col 55}{space 4} .0199704{col 68}{space 3}  .232231
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4528352{col 27}{space 2} .1327589{col 38}{space 1}    3.41{col 47}{space 3}0.001{col 55}{space 4} .1860462{col 68}{space 3} .7196242
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.50
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8761
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8737
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1786
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8278

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2913395{col 27}{space 2} .0792064{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1321683{col 68}{space 3} .4505108
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2} .1616006{col 27}{space 2} .0566554{col 38}{space 1}    2.85{col 47}{space 3}0.006{col 55}{space 4} .0477472{col 68}{space 3}  .275454
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3929702{col 27}{space 2} .1289325{col 38}{space 1}    3.05{col 47}{space 3}0.004{col 55}{space 4} .1338707{col 68}{space 3} .6520698
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.56
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8765
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8742
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1814
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8264

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2898172{col 27}{space 2} .0786493{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1317656{col 68}{space 3} .4478688
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2} .1821838{col 27}{space 2} .0656064{col 38}{space 1}    2.78{col 47}{space 3}0.008{col 55}{space 4} .0503428{col 68}{space 3} .3140249
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3699052{col 27}{space 2} .1429682{col 38}{space 1}    2.59{col 47}{space 3}0.013{col 55}{space 4} .0825999{col 68}{space 3} .6572105
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.50
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8766
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8743
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1821
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8260

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2892186{col 27}{space 2} .0785151{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1314367{col 68}{space 3} .4470005
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1855197{col 27}{space 2} .0673438{col 38}{space 1}    2.75{col 47}{space 3}0.008{col 55}{space 4} .0501872{col 68}{space 3} .3208521
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3657423{col 27}{space 2} .1452337{col 38}{space 1}    2.52{col 47}{space 3}0.015{col 55}{space 4} .0738842{col 68}{space 3} .6576003
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8767
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8744
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8257

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2887548{col 27}{space 2} .0785325{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1309379{col 68}{space 3} .4465717
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2} .1871147{col 27}{space 2} .0678413{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0507824{col 68}{space 3} .3234469
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3640932{col 27}{space 2} .1455176{col 38}{space 1}    2.50{col 47}{space 3}0.016{col 55}{space 4} .0716645{col 68}{space 3} .6565218
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8767
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8744
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8257

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2887548{col 27}{space 2} .0785325{col 38}{space 1}    3.68{col 47}{space 3}0.001{col 55}{space 4} .1309379{col 68}{space 3} .4465717
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2} .1871147{col 27}{space 2} .0678413{col 38}{space 1}    2.76{col 47}{space 3}0.008{col 55}{space 4} .0507824{col 68}{space 3} .3234469
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .3640932{col 27}{space 2} .1455176{col 38}{space 1}    2.50{col 47}{space 3}0.016{col 55}{space 4} .0716645{col 68}{space 3} .6565218
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.00
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8847
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8825
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1432
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7529

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2769797{col 26}{space 2} .0751445{col 37}{space 1}    3.69{col 46}{space 3}0.001{col 54}{space 4} .1259712{col 67}{space 3} .4279881
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2}  .153873{col 26}{space 2} .0579886{col 37}{space 1}    2.65{col 46}{space 3}0.011{col 54}{space 4} .0373406{col 67}{space 3} .2704055
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3644913{col 26}{space 2} .1314676{col 37}{space 1}    2.77{col 46}{space 3}0.008{col 54}{space 4} .1002972{col 67}{space 3} .6286853
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.91
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8840
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8818
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1379
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7552

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2754807{col 27}{space 2} .0698707{col 38}{space 1}    3.94{col 47}{space 3}0.000{col 55}{space 4} .1350703{col 68}{space 3}  .415891
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2} .1246651{col 27}{space 2} .0505797{col 38}{space 1}    2.46{col 47}{space 3}0.017{col 55}{space 4} .0230213{col 68}{space 3} .2263089
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4380456{col 27}{space 2} .1271976{col 38}{space 1}    3.44{col 47}{space 3}0.001{col 55}{space 4} .1824325{col 68}{space 3} .6936587
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.64
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0006
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8809
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1312
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7582

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2776211{col 27}{space 2} .0731896{col 38}{space 1}    3.79{col 47}{space 3}0.000{col 55}{space 4}  .130541{col 68}{space 3} .4247012
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2}  .106054{col 27}{space 2} .0458613{col 38}{space 1}    2.31{col 47}{space 3}0.025{col 55}{space 4} .0138923{col 68}{space 3} .1982157
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4787169{col 27}{space 2} .1145908{col 38}{space 1}    4.18{col 47}{space 3}0.000{col 55}{space 4} .2484381{col 68}{space 3} .7089957
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.22
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8850
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8828
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1448
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7522

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2753354{col 27}{space 2} .0741488{col 38}{space 1}    3.71{col 47}{space 3}0.001{col 55}{space 4} .1263278{col 68}{space 3}  .424343
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2} .1415133{col 27}{space 2} .0545736{col 38}{space 1}    2.59{col 47}{space 3}0.013{col 55}{space 4} .0318435{col 68}{space 3} .2511831
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4193976{col 27}{space 2} .1142041{col 38}{space 1}    3.67{col 47}{space 3}0.001{col 55}{space 4} .1898958{col 68}{space 3} .6488994
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.80
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1488
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7504

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2715759{col 27}{space 2} .0727841{col 38}{space 1}    3.73{col 47}{space 3}0.000{col 55}{space 4} .1253108{col 68}{space 3} .4178409
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2} .1588961{col 27}{space 2} .0609152{col 38}{space 1}    2.61{col 47}{space 3}0.012{col 55}{space 4} .0364824{col 68}{space 3} .2813098
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4076481{col 27}{space 2} .1205971{col 38}{space 1}    3.38{col 47}{space 3}0.001{col 55}{space 4} .1652991{col 68}{space 3}  .649997
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1495
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7501

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2707067{col 27}{space 2} .0725724{col 38}{space 1}    3.73{col 47}{space 3}0.000{col 55}{space 4} .1248671{col 68}{space 3} .4165463
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1621033{col 27}{space 2} .0625936{col 38}{space 1}    2.59{col 47}{space 3}0.013{col 55}{space 4} .0363168{col 68}{space 3} .2878897
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}   .40407{col 27}{space 2}  .122531{col 38}{space 1}    3.30{col 47}{space 3}0.002{col 55}{space 4} .1578346{col 68}{space 3} .6503053
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1499
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7500

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2704708{col 27}{space 2}   .07258{col 38}{space 1}    3.73{col 47}{space 3}0.001{col 55}{space 4} .1246159{col 68}{space 3} .4163257
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2} .1628244{col 27}{space 2} .0627836{col 38}{space 1}    2.59{col 47}{space 3}0.012{col 55}{space 4}  .036656{col 68}{space 3} .2889929
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4033773{col 27}{space 2} .1226944{col 38}{space 1}    3.29{col 47}{space 3}0.002{col 55}{space 4} .1568137{col 68}{space 3}  .649941
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1499
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7500

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2704708{col 27}{space 2}   .07258{col 38}{space 1}    3.73{col 47}{space 3}0.001{col 55}{space 4} .1246159{col 68}{space 3} .4163257
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2} .1628244{col 27}{space 2} .0627836{col 38}{space 1}    2.59{col 47}{space 3}0.012{col 55}{space 4}  .036656{col 68}{space 3} .2889929
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .4033773{col 27}{space 2} .1226944{col 38}{space 1}    3.29{col 47}{space 3}0.002{col 55}{space 4} .1568137{col 68}{space 3}  .649941
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.07
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0232
{txt}{col 51}R-squared{col 67}= {res}    0.9136
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9119
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0866
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7206

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2065129{col 26}{space 2} .0935688{col 37}{space 1}    2.21{col 46}{space 3}0.032{col 54}{space 4} .0184794{col 67}{space 3} .3945465
{txt}ihs_O5_L3_sd {c |}{col 14}{res}{space 2} .0718304{col 26}{space 2} .0431742{col 37}{space 1}    1.66{col 46}{space 3}0.103{col 54}{space 4}-.0149313{col 67}{space 3} .1585921
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .7006246{col 26}{space 2} .1284296{col 37}{space 1}    5.46{col 46}{space 3}0.000{col 54}{space 4} .4425356{col 67}{space 3} .9587136
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.62
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0341
{txt}{col 51}R-squared{col 67}= {res}    0.9140
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9124
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0912
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7187

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .2007154{col 27}{space 2} .0909441{col 38}{space 1}    2.21{col 47}{space 3}0.032{col 55}{space 4} .0179564{col 68}{space 3} .3834745
{txt}ihs_O10_L3_sd {c |}{col 15}{res}{space 2} .0745186{col 27}{space 2} .0402344{col 38}{space 1}    1.85{col 47}{space 3}0.070{col 55}{space 4}-.0063354{col 68}{space 3} .1553727
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .7052711{col 27}{space 2} .1327713{col 38}{space 1}    5.31{col 47}{space 3}0.000{col 55}{space 4} .4384573{col 68}{space 3}  .972085
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.12
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0222
{txt}{col 51}R-squared{col 67}= {res}    0.9140
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9123
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0906
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7190

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1989495{col 27}{space 2} .0918534{col 38}{space 1}    2.17{col 47}{space 3}0.035{col 55}{space 4} .0143633{col 68}{space 3} .3835358
{txt}ihs_O15_L3_sd {c |}{col 15}{res}{space 2} .0701292{col 27}{space 2} .0350543{col 38}{space 1}    2.00{col 47}{space 3}0.051{col 55}{space 4}-.0003151{col 68}{space 3} .1405735
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .7214665{col 27}{space 2} .1180135{col 38}{space 1}    6.11{col 47}{space 3}0.000{col 55}{space 4} .4843096{col 68}{space 3} .9586234
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      4.53
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0157
{txt}{col 51}R-squared{col 67}= {res}    0.9149
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9132
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0999
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7153

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1973287{col 27}{space 2} .0906013{col 38}{space 1}    2.18{col 47}{space 3}0.034{col 55}{space 4} .0152586{col 68}{space 3} .3793988
{txt}ihs_O20_L3_sd {c |}{col 15}{res}{space 2} .0984223{col 27}{space 2} .0407718{col 38}{space 1}    2.41{col 47}{space 3}0.020{col 55}{space 4} .0164883{col 68}{space 3} .1803562
{txt}{space 8}_cons {c |}{col 15}{res}{space 2}  .666741{col 27}{space 2} .1309234{col 38}{space 1}    5.09{col 47}{space 3}0.000{col 55}{space 4} .4036405{col 68}{space 3} .9298414
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.76
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0302
{txt}{col 51}R-squared{col 67}= {res}    0.9146
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9130
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0976
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7162

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2}  .198469{col 27}{space 2} .0904747{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0166533{col 68}{space 3} .3802847
{txt}ihs_O25_L3_sd {c |}{col 15}{res}{space 2} .1015079{col 27}{space 2} .0464335{col 38}{space 1}    2.19{col 47}{space 3}0.034{col 55}{space 4} .0081963{col 68}{space 3} .1948195
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6706509{col 27}{space 2}  .142024{col 38}{space 1}    4.72{col 47}{space 3}0.000{col 55}{space 4} .3852431{col 68}{space 3} .9560588
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.72
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0313
{txt}{col 51}R-squared{col 67}= {res}    0.9146
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9130
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0977
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7162

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1982864{col 27}{space 2} .0903806{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0166598{col 68}{space 3}  .379913
{txt}ihs_O30_L3_sd {c |}{col 15}{res}{space 2} .1028183{col 27}{space 2} .0475625{col 38}{space 1}    2.16{col 47}{space 3}0.036{col 55}{space 4} .0072378{col 68}{space 3} .1983988
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6691036{col 27}{space 2} .1435071{col 38}{space 1}    4.66{col 47}{space 3}0.000{col 55}{space 4} .3807153{col 68}{space 3} .9574919
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0304
{txt}{col 51}R-squared{col 67}= {res}    0.9147
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9131
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0981
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7160

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1979905{col 27}{space 2} .0903643{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0163966{col 68}{space 3} .3795844
{txt}ihs_O35_L3_sd {c |}{col 15}{res}{space 2} .1042987{col 27}{space 2} .0479966{col 38}{space 1}    2.17{col 47}{space 3}0.035{col 55}{space 4}  .007846{col 68}{space 3} .2007515
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6669672{col 27}{space 2} .1435952{col 38}{space 1}    4.64{col 47}{space 3}0.000{col 55}{space 4} .3784018{col 68}{space 3} .9555325
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0304
{txt}{col 51}R-squared{col 67}= {res}    0.9147
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9131
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0981
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7160

{txt}{ralign 79:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27}    Robust
{col 1}      ihs_csd{col 15}{c |} Coefficient{col 27}  std. err.{col 39}      t{col 47}   P>|t|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 4}ihs_L3_sd {c |}{col 15}{res}{space 2} .1979905{col 27}{space 2} .0903643{col 38}{space 1}    2.19{col 47}{space 3}0.033{col 55}{space 4} .0163966{col 68}{space 3} .3795844
{txt}ihs_O40_L3_sd {c |}{col 15}{res}{space 2} .1042987{col 27}{space 2} .0479966{col 38}{space 1}    2.17{col 47}{space 3}0.035{col 55}{space 4}  .007846{col 68}{space 3} .2007515
{txt}{space 8}_cons {c |}{col 15}{res}{space 2} .6669672{col 27}{space 2} .1435952{col 38}{space 1}    4.64{col 47}{space 3}0.000{col 55}{space 4} .3784018{col 68}{space 3} .9555325
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)

{com}. 
.         ** Check error structure ** 
. * sum err*      // confirms convergence to vertical after 30. 
.         
. 
. forvalues q = 5(5)40 {c -(} 
{txt}  2{com}.         gen rmse_O`q'_ihs = . 
{txt}  3{com}.         egen aux_rmse_`q' = sum(v_e_`q'^2) if v_e_`q' != .  // empty vector rmse
{txt}  4{com}.         replace rmse_O`q'_ihs = (aux_rmse_`q'/4200)^0.5 
{txt}  5{com}.         
.         replace v_e_`q' = . 
{txt}  6{com}. {c )-}
{txt}(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)
(415,800 missing values generated)
(411,600 missing values generated)
(4,200 real changes made)
(4,200 real changes made, 4,200 to missing)

{com}. 
. quietly drop aux_rmse_* err_O*
{txt}
{com}. 
.         ************************ Compare rmse *****************************
. sum rmse_W*

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_W5_log {c |}{res}      4,200    1.495899           0   1.495899   1.495899
{txt}rmse_W10_log {c |}{res}      4,200    1.499544           0   1.499544   1.499544
{txt}rmse_W15_log {c |}{res}      4,200    1.494495           0   1.494495   1.494495
{txt}rmse_W20_log {c |}{res}      4,200    1.449121           0   1.449121   1.449121
{txt}rmse_W25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_W30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_W35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_W40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}{space 1}rmse_W5_ihs {c |}{res}      4,200    1.702153           0   1.702153   1.702153
{txt}rmse_W10_ihs {c |}{res}      4,200    1.706579           0   1.706579   1.706579
{txt}{hline 13}{c +}{hline 57}
rmse_W15_ihs {c |}{res}      4,200    1.705954           0   1.705954   1.705954
{txt}rmse_W20_ihs {c |}{res}      4,200    1.657641           0   1.657641   1.657641
{txt}rmse_W25_ihs {c |}{res}      4,200    1.629643           0   1.629643   1.629643
{txt}rmse_W30_ihs {c |}{res}      4,200    1.626363           0   1.626363   1.626363
{txt}rmse_W35_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}{hline 13}{c +}{hline 57}
rmse_W40_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}
{com}. 
. sum rmse_O*

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_O5_log {c |}{res}      4,200    1.432011           0   1.432011   1.432011
{txt}rmse_O10_log {c |}{res}      4,200     1.47957           0    1.47957    1.47957
{txt}rmse_O15_log {c |}{res}      4,200      1.4964           0     1.4964     1.4964
{txt}rmse_O20_log {c |}{res}      4,200     1.44975           0    1.44975    1.44975
{txt}rmse_O25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_O30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_O35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_O40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}{space 1}rmse_O5_ihs {c |}{res}      4,200    1.635738           0   1.635738   1.635738
{txt}rmse_O10_ihs {c |}{res}      4,200    1.687947           0   1.687947   1.687947
{txt}{hline 13}{c +}{hline 57}
rmse_O15_ihs {c |}{res}      4,200    1.707392           0   1.707392   1.707392
{txt}rmse_O20_ihs {c |}{res}      4,200    1.658169           0   1.658169   1.658169
{txt}rmse_O25_ihs {c |}{res}      4,200    1.629643           0   1.629643   1.629643
{txt}rmse_O30_ihs {c |}{res}      4,200    1.626363           0   1.626363   1.626363
{txt}rmse_O35_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}{hline 13}{c +}{hline 57}
rmse_O40_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}
{com}.                 
.                 
.         ***************** Polar Cases ****************************
. 
.                 ** Rook **
. forvalues i = 1(1)7 {c -(}   // loop over countries 
{txt}  2{com}. 
.                 reghdfe  ihs_csd    ihs_L3_sd   ihs_R_L3_sd                                                             if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  3{com}.                 estimates store ihs_R
{txt}  4{com}.                 predict ihs_R_`i', xb
{txt}  5{com}.                 gen err_R_`i' =  ihs_csd - ihs_R_`i'                                                                            if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt}  6{com}.                 replace v_e_R = err_R_`i' if ccode == `i' // copy to empty vector 
{txt}  7{com}.                 
.                 ** Horizontal **
.                 reghdfe  ihs_csd    ihs_L3_sd   ihs_H_L3_sd                                                             if cell <= 50 & year == 2014 & ccode != `i', absorb(cell ccode month) vce(cluster cell) //  excl. country i
{txt}  8{com}.                 estimates store ihs_H
{txt}  9{com}.                 predict ihs_H_`i', xb
{txt} 10{com}.                 gen err_H_`i' =  ihs_csd - ihs_H_`i'                                                                            if cell <= 50 & year == 2014  // note: residuals option in reghdfe is faster, but does not predict out-of-sample 
{txt} 11{com}.                 replace v_e_H = err_H_`i' if ccode == `i' // copy to empty vector 
{txt} 12{com}.         
. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.13
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8866
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1914
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8044

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2839555{col 26}{space 2} .0714726{col 37}{space 1}    3.97{col 46}{space 3}0.000{col 54}{space 4} .1403258{col 67}{space 3} .4275851
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2}  .197185{col 26}{space 2} .0665309{col 37}{space 1}    2.96{col 46}{space 3}0.005{col 54}{space 4} .0634861{col 67}{space 3} .3308839
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3869273{col 26}{space 2} .1347444{col 37}{space 1}    2.87{col 46}{space 3}0.006{col 54}{space 4} .1161484{col 67}{space 3} .6577062
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.76
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8850
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8827
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1796
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8103

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .307212{col 26}{space 2} .0748027{col 37}{space 1}    4.11{col 46}{space 3}0.000{col 54}{space 4} .1568903{col 67}{space 3} .4575337
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2} .1470913{col 26}{space 2}  .048881{col 37}{space 1}    3.01{col 46}{space 3}0.004{col 54}{space 4} .0488614{col 67}{space 3} .2453213
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3680004{col 26}{space 2} .1499993{col 37}{space 1}    2.45{col 46}{space 3}0.018{col 54}{space 4} .0665655{col 67}{space 3} .6694354
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.02
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8833
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7844

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3164145{col 26}{space 2} .0989558{col 37}{space 1}    3.20{col 46}{space 3}0.002{col 54}{space 4} .1175554{col 67}{space 3} .5152737
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2} .1317461{col 26}{space 2} .0571192{col 37}{space 1}    2.31{col 46}{space 3}0.025{col 54}{space 4} .0169608{col 67}{space 3} .2465315
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4314767{col 26}{space 2}  .129389{col 37}{space 1}    3.33{col 46}{space 3}0.002{col 54}{space 4} .1714598{col 67}{space 3} .6914936
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.00
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0021
{txt}{col 51}R-squared{col 67}= {res}    0.8844
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8822
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1750
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7882

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3288844{col 26}{space 2} .1019509{col 37}{space 1}    3.23{col 46}{space 3}0.002{col 54}{space 4} .1240063{col 67}{space 3} .5337624
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2} .0875448{col 26}{space 2} .0339621{col 37}{space 1}    2.58{col 46}{space 3}0.013{col 54}{space 4} .0192954{col 67}{space 3} .1557942
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4400213{col 26}{space 2} .1326985{col 37}{space 1}    3.32{col 46}{space 3}0.002{col 54}{space 4} .1733537{col 67}{space 3} .7066889
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8859
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1951
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7657

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3271564{col 26}{space 2} .0733875{col 37}{space 1}    4.46{col 46}{space 3}0.000{col 54}{space 4} .1796788{col 67}{space 3}  .474634
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2} .1557963{col 26}{space 2} .0665485{col 37}{space 1}    2.34{col 46}{space 3}0.023{col 54}{space 4}  .022062{col 67}{space 3} .2895306
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3884629{col 26}{space 2} .1228922{col 37}{space 1}    3.16{col 46}{space 3}0.003{col 54}{space 4} .1415018{col 67}{space 3}  .635424
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8858
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1948
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7658

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3403022{col 26}{space 2} .0722762{col 37}{space 1}    4.71{col 46}{space 3}0.000{col 54}{space 4} .1950578{col 67}{space 3} .4855466
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2} .1224637{col 26}{space 2} .0481645{col 37}{space 1}    2.54{col 46}{space 3}0.014{col 54}{space 4} .0256735{col 67}{space 3} .2192539
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3626819{col 26}{space 2} .1344236{col 37}{space 1}    2.70{col 46}{space 3}0.010{col 54}{space 4} .0925475{col 67}{space 3} .6328163
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.66
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8938
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8917
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1622
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7901

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2714793{col 26}{space 2} .0759582{col 37}{space 1}    3.57{col 46}{space 3}0.001{col 54}{space 4} .1188356{col 67}{space 3} .4241231
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2} .1626426{col 26}{space 2} .0597948{col 37}{space 1}    2.72{col 46}{space 3}0.009{col 54}{space 4} .0424805{col 67}{space 3} .2828048
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4462436{col 26}{space 2} .1331877{col 37}{space 1}    3.35{col 46}{space 3}0.002{col 54}{space 4}  .178593{col 67}{space 3} .7138942
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.54
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0014
{txt}{col 51}R-squared{col 67}= {res}    0.8920
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8899
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1481
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7968

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2886122{col 26}{space 2} .0779391{col 37}{space 1}    3.70{col 46}{space 3}0.001{col 54}{space 4} .1319877{col 67}{space 3} .4452367
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2} .1016258{col 26}{space 2} .0401275{col 37}{space 1}    2.53{col 46}{space 3}0.015{col 54}{space 4} .0209866{col 67}{space 3}  .182265
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4829564{col 26}{space 2}  .148784{col 37}{space 1}    3.25{col 46}{space 3}0.002{col 54}{space 4} .1839637{col 67}{space 3}  .781949
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8767
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8744
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1828
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8257

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2887548{col 26}{space 2} .0785325{col 37}{space 1}    3.68{col 46}{space 3}0.001{col 54}{space 4} .1309379{col 67}{space 3} .4465717
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2} .1871147{col 26}{space 2} .0678413{col 37}{space 1}    2.76{col 46}{space 3}0.008{col 54}{space 4} .0507824{col 67}{space 3} .3234469
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3640932{col 26}{space 2} .1455176{col 37}{space 1}    2.50{col 46}{space 3}0.016{col 54}{space 4} .0716645{col 67}{space 3} .6565218
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.25
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0008
{txt}{col 51}R-squared{col 67}= {res}    0.8743
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8719
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1667
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8338

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3089805{col 26}{space 2} .0820598{col 37}{space 1}    3.77{col 46}{space 3}0.000{col 54}{space 4} .1440752{col 67}{space 3} .4738859
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2} .1197169{col 26}{space 2} .0455915{col 37}{space 1}    2.63{col 46}{space 3}0.011{col 54}{space 4} .0280973{col 67}{space 3} .2113364
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3934047{col 26}{space 2} .1549758{col 37}{space 1}    2.54{col 46}{space 3}0.014{col 54}{space 4} .0819692{col 67}{space 3} .7048402
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8856
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1499
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7500

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2704708{col 26}{space 2}   .07258{col 37}{space 1}    3.73{col 46}{space 3}0.001{col 54}{space 4} .1246159{col 67}{space 3} .4163257
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2} .1628244{col 26}{space 2} .0627836{col 37}{space 1}    2.59{col 46}{space 3}0.012{col 54}{space 4}  .036656{col 67}{space 3} .2889929
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4033773{col 26}{space 2} .1226944{col 37}{space 1}    3.29{col 46}{space 3}0.002{col 54}{space 4} .1568137{col 67}{space 3}  .649941
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.88
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8835
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8812
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1339
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7570

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .280649{col 26}{space 2}   .07719{col 37}{space 1}    3.64{col 46}{space 3}0.001{col 54}{space 4} .1255299{col 67}{space 3} .4357682
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2}  .102646{col 26}{space 2} .0452193{col 37}{space 1}    2.27{col 46}{space 3}0.028{col 54}{space 4} .0117744{col 67}{space 3} .1935175
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4297823{col 26}{space 2} .1294017{col 37}{space 1}    3.32{col 46}{space 3}0.002{col 54}{space 4} .1697399{col 67}{space 3} .6898247
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0304
{txt}{col 51}R-squared{col 67}= {res}    0.9147
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9131
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0981
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7160

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .1979905{col 26}{space 2} .0903643{col 37}{space 1}    2.19{col 46}{space 3}0.033{col 54}{space 4} .0163966{col 67}{space 3} .3795844
{txt}{space 1}ihs_R_L3_sd {c |}{col 14}{res}{space 2} .1042987{col 26}{space 2} .0479966{col 37}{space 1}    2.17{col 46}{space 3}0.035{col 54}{space 4}  .007846{col 67}{space 3} .2007515
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6669672{col 26}{space 2} .1435952{col 37}{space 1}    4.64{col 46}{space 3}0.000{col 54}{space 4} .3784018{col 67}{space 3} .9555325
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     3,600
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      3.20
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0492
{txt}{col 51}R-squared{col 67}= {res}    0.9143
{txt}{col 51}Adj R-squared{col 67}= {res}    0.9126
{txt}{col 51}Within R-sq.{col 67}= {res}    0.0938
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7177

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2083065{col 26}{space 2} .0950113{col 37}{space 1}    2.19{col 46}{space 3}0.033{col 54}{space 4} .0173742{col 67}{space 3} .3992388
{txt}{space 1}ihs_H_L3_sd {c |}{col 14}{res}{space 2} .0756051{col 26}{space 2} .0346729{col 37}{space 1}    2.18{col 46}{space 3}0.034{col 54}{space 4} .0059273{col 67}{space 3}  .145283
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6615998{col 26}{space 2} .1574008{col 37}{space 1}    4.20{col 46}{space 3}0.000{col 54}{space 4}  .345291{col 67}{space 3} .9779086
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        6{col 27}{space 1}        0{col 39}{result}{space 1}        6{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}(411,600 missing values generated)
(600 real changes made)

{com}. 
.         ********************** Calculate rmse *****************************
.         gen rmse_R_ihs = . 
{txt}(415,800 missing values generated)

{com}.         egen aux_rmse_R = sum(v_e_R^2) if v_e_R != .  // empty vector rmse
{txt}(411,600 missing values generated)

{com}.         replace rmse_R_ihs = (aux_rmse_R/4200)^0.5  
{txt}(4,200 real changes made)

{com}. 
.         quietly drop aux_rmse_* err_R*
{txt}
{com}.         
.         gen rmse_H_ihs = . 
{txt}(415,800 missing values generated)

{com}.         egen aux_rmse_H = sum(v_e_H^2) if v_e_H != .  // empty vector rmse
{txt}(411,600 missing values generated)

{com}.         replace rmse_H_ihs = (aux_rmse_H/4200)^0.5  
{txt}(4,200 real changes made)

{com}. 
.         quietly drop aux_rmse_* err_H*
{txt}
{com}. 
. 
.         ************************ Compare rmse *****************************
. sum rmse_R*  rmse_H*

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 2}rmse_R_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}{space 2}rmse_R_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}{space 2}rmse_H_log {c |}{res}      4,200     1.53712           0    1.53712    1.53712
{txt}{space 2}rmse_H_ihs {c |}{res}      4,200    1.744356           0   1.744356   1.744356
{txt}
{com}. 
. sum rmse_W*_log

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_W5_log {c |}{res}      4,200    1.495899           0   1.495899   1.495899
{txt}rmse_W10_log {c |}{res}      4,200    1.499544           0   1.499544   1.499544
{txt}rmse_W15_log {c |}{res}      4,200    1.494495           0   1.494495   1.494495
{txt}rmse_W20_log {c |}{res}      4,200    1.449121           0   1.449121   1.449121
{txt}rmse_W25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_W30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_W35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_W40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}
{com}. 
. sum rmse_O*_log

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_O5_log {c |}{res}      4,200    1.432011           0   1.432011   1.432011
{txt}rmse_O10_log {c |}{res}      4,200     1.47957           0    1.47957    1.47957
{txt}rmse_O15_log {c |}{res}      4,200      1.4964           0     1.4964     1.4964
{txt}rmse_O20_log {c |}{res}      4,200     1.44975           0    1.44975    1.44975
{txt}rmse_O25_log {c |}{res}      4,200    1.424885           0   1.424885   1.424885
{txt}{hline 13}{c +}{hline 57}
rmse_O30_log {c |}{res}      4,200    1.422529           0   1.422529   1.422529
{txt}rmse_O35_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}rmse_O40_log {c |}{res}      4,200    1.421607           0   1.421607   1.421607
{txt}
{com}. 
. sum rmse_W*_ihs

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_W5_ihs {c |}{res}      4,200    1.702153           0   1.702153   1.702153
{txt}rmse_W10_ihs {c |}{res}      4,200    1.706579           0   1.706579   1.706579
{txt}rmse_W15_ihs {c |}{res}      4,200    1.705954           0   1.705954   1.705954
{txt}rmse_W20_ihs {c |}{res}      4,200    1.657641           0   1.657641   1.657641
{txt}rmse_W25_ihs {c |}{res}      4,200    1.629643           0   1.629643   1.629643
{txt}{hline 13}{c +}{hline 57}
rmse_W30_ihs {c |}{res}      4,200    1.626363           0   1.626363   1.626363
{txt}rmse_W35_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}rmse_W40_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}
{com}. 
. sum rmse_O*_ihs

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}rmse_O5_ihs {c |}{res}      4,200    1.635738           0   1.635738   1.635738
{txt}rmse_O10_ihs {c |}{res}      4,200    1.687947           0   1.687947   1.687947
{txt}rmse_O15_ihs {c |}{res}      4,200    1.707392           0   1.707392   1.707392
{txt}rmse_O20_ihs {c |}{res}      4,200    1.658169           0   1.658169   1.658169
{txt}rmse_O25_ihs {c |}{res}      4,200    1.629643           0   1.629643   1.629643
{txt}{hline 13}{c +}{hline 57}
rmse_O30_ihs {c |}{res}      4,200    1.626363           0   1.626363   1.626363
{txt}rmse_O35_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}rmse_O40_ihs {c |}{res}      4,200    1.624875           0   1.624875   1.624875
{txt}
{com}.         
. capture log close 
{smcl}
{com}{sf}{ul off}